Germany mulls several options for SEFE and Uniper, including sale or IPO
Germany mulls several options for SEFE and Uniper, including sale or IPO
Published by Global Banking and Finance Review
Posted on September 10, 2025
Published by Global Banking and Finance Review
Posted on September 10, 2025
BERLIN (Reuters) -The German government is examining several options for both SEFE and Uniper, the energy firms Germany nationalised during Europe's energy crisis, including a separate sale or a possible listing, the economy ministry said on Wednesday.
"The federal government is examining various options with an open mind," a spokesperson for the ministry said.
Gazprom Germania, now operating under the name SEFE, was nationalised by Berlin in 2022 after the group's former Russian parent ditched the division, which is a vital part of Germany's gas supply.
The company had to be rescued with a 6.3-billion-euro ($7.37 billion) bailout after Russia suspended gas supplies.
Uniper was bailed out also in 2022 when the government injected a total of 13.5 billion euros.
Berlin has been preparing to reduce its 99.12% holding as soon as this year, sources have told Reuters.
Under European Union requirements, Berlin must reduce its stake in both companies to no more than 25% plus one share by 2028.
($1 = 0.8547 euros)
(Reporting by Riham Alkousaa, Editng by Miranda Murray)