Uniper Stock: Dividends Possible Again - IPO Path Clear!
The German government is preparing to sell its 99.12% stake in energy firm Uniper, currently valued at €13.8 billion. The move follows a major recovery by the company after a €13.5 billion bailout in 2022. Several high-profile investors have now shown interest in acquiring parts of the business.
Uniper’s turnaround has made it an attractive target for buyers. The company’s revival comes after a state rescue package in 2022, which stabilised its finances. Now, the government must reduce its ownership to no more than 25% plus one share by 2028, in line with EU regulations.
The Bundesrat recently removed a key barrier by lifting the dividend ban on Uniper. This change is crucial, as the ability to pay dividends is seen as essential for a successful sale. Without it, potential investors may have hesitated. Multiple parties have already expressed interest. Canadian asset manager Brookfield and Czech entrepreneur Daniel Křetínský are among the bidders. The Otto Group, a well-known German family-owned business, has also joined the race. However, the government has yet to decide whether to relist Uniper on the stock market or sell to a strategic investor. The final decision will weigh both financial and political considerations. Regulatory challenges remain significant, given Uniper’s central role in Germany’s gas and power infrastructure. Any sale or public listing will need to navigate these hurdles carefully.
The government’s exit from Uniper is now in motion, with a 2028 deadline looming under EU rules. The removal of the dividend ban clears a major obstacle, but regulatory and strategic factors will shape the outcome. A final decision on the sale method is expected in the coming months.
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