
Uniper Stake Sale Preparation Underway
- Entity
- Uniper SE
- Message Category
-
The German government is in the early stages of preparing to sell a significant stake in Uniper, potentially by the end of 2024 or in 2025.
Currently, the government holds over 99% ownership of Uniper following the company's recapitalization in 2022, a move made to rescue Uniper from bankruptcy.
A spokesman for Uniper highlighted that the European Commission mandated Berlin to decrease state debt to 25% or less by the conclusion of 2028 as part of the approval for the €34.5 billion state aid rescue program.
Reports indicate that the company's shares will be offered at a discount to the market value, estimated at 23.7 billion euros.
#germany