Apollo Global Management submits non-binding bid for German utility Uniper
Apollo Global Management has lodged a non-binding offer to acquire a stake in Uniper, the German state‑owned energy firm. The German government, which owns 99.12% of Uniper after a €13.5 billion bailout in 2022, must divest up to 74.12% of its holding to meet EU state‑aid rules by 2028. The sale could value Uniper at around €10 billion and pits Apollo against other suitors such as Equinor, EPH, Brookfield‑CPPIB, KKR and RWE. The deadline for indicative bids was 21 September, and bidders will be informed in the coming weeks whether they advance.
Why it matters
Reuters reports the transaction could value Uniper at about €10 billion, making it one of Europe’s largest utility deals this year. The German government’s required stake reduction means a substantial portion of the company may change hands, affecting ownership structure and market dynamics.
Key facts
- 1Apollo Global Management submitted a non-binding bid for Uniper. theglobeandmail.com
- 2The German government holds a 99.12% stake in Uniper after a €13.5 billion bailout in 2022. theglobeandmail.com
- 3Berlin has received approximately €3.5 billion from Uniper since the bailout. finance.yahoo.com
- 4The sale could value Uniper at around €10 billion. oilprice.com
- 5The finance ministry aims to sell up to 74.12% of Uniper to meet EU rules requiring a stake of no more than 25% plus one share by 2028. finance.yahoo.com
- 6The deadline for indicative bids was 21 September. finance.yahoo.com
Summary written by AlphAI from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.