January 14, 2025
Germany is preparing for the privatization of one of the largest energy giants thumbnail
Economy

Germany is preparing for the privatization of one of the largest energy giants

The German government has started looking for buyers for its stake in the energy company Uniper, the value of which is estimated at $18.8 billion.”, — write: epravda.com.ua

The German government has started looking for buyers for its stake in the energy company Uniper, the value of which is estimated at $18.8 billion. Reuters writes about it. After the nationalization of Uniper in 2022 due to the energy crisis in Europe, the government controls 99.12% of the company’s shares. Several reprivatization scenarios are currently being considered, including a partial sale of shares or their re-listing. The most likely option is the sale of 25% of the company’s shares, but the complete withdrawal of the state from the shareholders is not excluded. Advertisement: According to two sources, the investment company Brookfield, based in New York, is being considered among the potential buyers. If fully sold to a private investor, it would be one of the largest deals in Europe in recent years. The German Finance Ministry confirmed that it is studying all possible options for reducing its stake. The agency reported that the main emphasis is on selling shares through the stock market. According to the rules of the European Union, the German government must reduce its stake in Uniper to no more than 25% plus one share by 2028.Advertisement: To implement the agreement, the parliament must pass a law that allows Uniper to resume the payment of dividends that the company lost as part of state aid in the amount 13.5 billion euros.

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