13 January 2025, 1:47 pm 1 minute
Reuters exclusively reported that the German government is weighing selling its entire 99% holding of German utility Uniper, which has a market capitalisation of nearly $19 billion. The government had flagged previously only a minority exit on the public markets. Reuters was also first to reveal that the government had reached out to potential buyers to discuss a full sale, including Canadian fund Brookfield. A full sale to a private equity fund would be one of Europe’s biggest in recent years.
Why it matters
Uniper nearly collapsed after its former main gas supplier, Russia’s Gazprom, first curbed and later stopped deliveries after the outbreak of the Ukraine war, forcing the German government to step in to ensure energy security in Europe’s biggest economy.
Article Tags
Topics of Interest: EconomyGovernment
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story