Germany is looking for advisors to sell Uniper shares

The sale could happen as early as the first quarter of 2025 and would then be one of the largest stock offerings of the year.

According to a media report, the German government has begun looking for banks and consultants for a possible sale of shares in state-controlled energy supplier Uniper. Several banks and consultants have been invited to apply for advisory mandates, Bloomberg News reported, citing people familiar with the matter.

The sale could happen as early as the first quarter of 2025 and would then be one of the largest stock offerings of the year. There was no comment from the Ministry of Finance and Uniper.

Reuters news agency had already reported that preparations are currently underway to gradually sell the 99.12 percent stake held by the federal government in Uniper. Reuters learned from informed sources that several options are being discussed, such as selling a stake ranging between 20 and 30 percent in the stock exchange or selling larger packages to investors. (APA/Reuters)