Apollo Bids for German Energy Firm Uniper
Apollo Global Management has submitted a non-binding offer for German energy firm Uniper. The German government is looking to sell up to a 74.12 percent stake in the utility company to meet European Union requirements.
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APOLLO GLOBAL MANAGEMENT INC submitted a non-binding bid for UNIPER SE, joining an auction valuing the utility at €10 billion. The sale stems from a state bailout in Germany. Berlin aims to shed up to 74.12% of its stake to satisfy European Union requirements.
