Uniper Workers Push for IPO

Uniper labor representatives are backing an initial public offering instead of a strategic sale to protect the utility from a potential break-up. The German firm is currently weighing a dual-track divestment process as the government plans to sell its majority stake.

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FILE PHOTO: Plants hang from lights at a display of German energy firm Uniper during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo

UNIPER SE labor representatives are pushing for an initial public offering rather than a strategic sale, as Germany advances plans to sell up to 74.12% of the utility. The state-owned company was bailed out for €13.5B ($15.4B) during the 2022 energy crisis.

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