Germany Initiates Uniper Sale to Reduce Government Stake by Year-End
Government Plans and Process for Uniper Stake Reduction
Background of Uniper Nationalisation
BERLIN, May 19 (Reuters) - Germany's finance ministry kicked off a sales process for bailed-out energy firm Uniper on Tuesday to reduce the government's stake to 25% plus one share by the end of the year, according to the Sueddeutsche Zeitung newspaper.
Privatisation Timeline and Interested Parties
Interested parties have until June 12 to contact the finance ministry, the newspaper reported, citing its privatisation plan.
Potential Sale or Listing
Two people familiar with the matter told Reuters last month the process, which will likely result in a sale or listing of the company, could be started via an official tender note before the summer.
Government Oversight and Response
Uniper was nationalised by the government during the 2022 European energy crisis. The finance ministry oversees Berlin's 99.12% stake in the company.
Ministry's Statement
The ministry did not respond to an emailed request for comment outside of business hours.
(Reporting by Rachel More; Editing by Chris Reese)
