Germany Sounds Out Banks to Advise on Privatization of Uniper
- Stock offering could come in the first quarter of 2025
- Germany needs to reduce stake to 25% by the end of 2028
Germany’s government owns more than 99% of Uniper after bailing out the company in 2022 following Russia’s invasion of Ukraine.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Germany’s government has started to sound out advisers for a potential share sale in Uniper SE, a first step toward privatizing the power utility, according to people familiar with the matter.
Several banks and consultants have received an invitation to pitch for advisory mandates, the people said, declining to be identified because the information is private. Any such share sale is likely to occur as early as in the first quarter of 2025 and could be one of the biggest offerings of the year.