CPPIB and EPH weigh bids for German energy group Uniper
Canada's CPPIB and Czech firm EPH are expected to express interest in acquiring a majority stake in Uniper as Berlin begins divesting its 99% holding. The sale could value the utility at over 10 billion euros and may attract other major energy players like Equinor and TotalEnergies.
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Canada's CPPIB and Czech Republic's EPH are preparing to indicate interest in UNIPER SE next week, four people familiar with the matter said. The sale could value the utility at over €10B, marking the largest reshuffle of the energy sector in Germany since the 2022 bailout. Berlin is seeking to divest a 74.12% stake in the entity it rescued for nearly €20B during the European energy crisis.
