Exclusive: German energy firms Sefe and Uniper have awarded some traders millions of dollars in bonuses for 2022, sources familiar with the matter said, just months after the companies were rescued with multi-billion bailouts as Russia halted gas supplies
have awarded some traders millions of dollars in bonuses for 2022, four sources familiar with the matter said, just months after the companies were rescued with multi-billion bailouts as Russia halted gas supplies.
One of the sources said 200 of Sefe's traders in London had received hundreds of millions of dollars in bonuses, adding mid-level traders had received $5 million-$7 million each. Two of the other people said that generous subsidies had been paid at both Sefe and Uniper., said the performance of its employees justified remuneration that rewards their contribution to security of supply, without providing specifics.
Competition for traders is currently hot with rivals such as Vitol and Trafigura reporting billions of dollars in annual profit, benefiting from the extreme price volatility following Russia's invasion of its neighbour.
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