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Germany Sells Energy Giant Uniper
19 May
Summary
- Germany has initiated the sale process for Uniper.
- The government aims to sell its 99.12% stake.
- Uniper is crucial for Germany's gas supply security.
Germany has initiated the sale process for the energy group Uniper, signaling a potential end to the government's significant bailout. Berlin nationalized Uniper in 2022 during Europe's energy crisis after its gas supply from Russia was halted.
The German government is exploring options for its 99.12% stake, including a sale or initial public offering, while intending to retain a minority stake to ensure supply security. Uniper is critical for Germany, managing about a fifth of the country's gas supply and operating significant gas storage facilities.
Potential buyers have until June 12 to submit letters of intent. The government emphasizes that the long-term viability of Uniper and Germany's energy security remain paramount throughout the process. Uniper's CEO stated the company is now more stable and resilient.
