German Government Advances Bidders for Uniper Stake Sale
The German government has shortlisted several investment consortia to submit binding bids for a majority stake in the state-owned utility Uniper.
The Federal Government of Germany has advanced a group of strategic and financial investors to the next stage of the sales process for the state-owned utility Uniper. The government currently holds a 99.12% stake in the company and intends to reduce its ownership to a blocking minority, either through a private sale or a re-IPO. The transaction could value the energy firm at up to €14 billion.
Shortlisted bidders include a consortium composed of Brookfield and CPP Investments, the Norwegian energy company Equinor, and a partnership between KKR and RWE. These entities have been invited to submit binding bids for the utility. Conversely, sources indicate that EPH, led by Czech billionaire Daniel Kretinsky, was not invited to proceed to this round.
Uniper is Germany's largest gas importer and required a state bailout in 2022 after Gazprom suspended fuel deliveries. The current sale process represents the government's effort to divest its controlling interest while maintaining a strategic minority position.
