Germany starts sales process for energy giant Uniper
The German government has officially invited suitors to submit letters of intent for its 99.12% stake in Uniper by June 12. Berlin is considering either a direct sale or a public listing to reduce its holding as required by EU regulations following the 2022 nationalization.
Germany launched the sale of UNIPER SE on Tuesday, initiating the divestment of its 99.12% stake in the utility. The government nationalized the energy firm for 13.5 billion euros ($15.71 billion) in 2022 following a supply cutoff from Russia. The exit fulfills EU requirements to reduce state ownership to a maximum of 25% plus one share by 2028.
### Berlin Explores Dual-Track Exit Strategy The German government is considering both a direct sale and a public listing for its holdings. Interested parties must submit letters of intent to advisors JP Morgan and UBS by midday on June 12. This timeline sets the stage for one of the largest European energy deals this year.
