Exclusive Report - Sources say Apollo has submitted a non-binding offer for German energy company Uniper

路透社2026/10/07 11:15

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Christoph Steitz/Anousha Sakoui – Reuters, Frankfurt/London, October 7 – According to two directly informed sources, Apollo Global Management (APO.N) has submitted a non-binding offer for the German state-owned energy company Uniper (UN0k.DE), joining the bidding for one of Germany’s largest utility companies. Prospective buyers must submit expressions of interest for Uniper by September 21. The company received a €13.5 billion ($15.1 billion) bailout from the Berlin government in 2022. Reuters previously reported that the sale of Uniper could be valued at around €10 billion, making it one of the largest utility transactions in Europe this year. The German Ministry of Finance, which oversees the Berlin government’s 99.12% stake in Uniper, is advised by UBS and JPMorgan, and has stated that it plans to sell up to 74.12% of the energy company. Czech energy company EPH, controlled by billionaire Daniel Kretinsky, as well as a consortium consisting of Brookfield (BN.TO) and Canadian CPPIB, have also submitted Expressions of Interest, Reuters previously reported. One source said Norway’s Equinor (EQNR.OL), as well as a consortium made up of KKR (KKR.N) and German rival RWE (RWEG.DE), have also placed offers. A third source involved in the negotiations stated that bidders are expected to be informed in the coming weeks whether they will advance to the next round. These individuals requested anonymity as they are not authorized to speak publicly. Apollo, Uniper, and KKR all declined to comment. Equinor has so far not commented. (1 USD = 0.8933 EUR) (For the convenience of non-English readers, Reuters automatically translates its reports into several other languages. Since automated translation may be inaccurate or miss relevant context, Reuters does not guarantee translation accuracy and provides these as a convenience only. Reuters is not liable for damage or loss resulting from the use of automated translation.)

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Christoph Steitz/Anousha Sakoui

FRANKFURT/LONDON, Oct 7 (Reuters) - Apollo Global Management APO.N has submitted a non-binding offer for Germany's state-owned energy company Uniper UN0k.DE, according to two people with direct knowledge of the matter, thus joining the bidding for one of the largest utility companies in Germany.

Potential buyers had to submit expressions of interest for Uniper by September 21. The company previously received a 13.5 billion euro ($15.1 billion) bailout from the Berlin government in 2022.

Reuters previously reported (link) that Uniper’s sale could be valued at around 10 billion euros, which would make it one of Europe’s largest utility deals this year.

The German Finance Ministry, which supervises the Berlin government's 99.12% stake in Uniper and is advised by UBS and JPMorgan, said it is planning to sell up to a 74.12% stake in the energy company.

Czech energy company EPH, controlled by billionaire Daniel Kretinsky, as well as a consortium comprising investment firm Brookfield BN.TO and Canada’s CPPIB, have both submitted expressions of interest. Reuters previously reported this (link).

One of the sources said that Norway's Equinor EQNR.OL and a consortium formed by KKR KKR.N and German rival RWE RWEG.DE have also submitted offers.

A third source involved in the talks said bidders are expected to be told in the coming weeks whether they will advance to the next round.

The sources requested anonymity as they were not authorized to speak publicly.

Apollo, Uniper and KKR all declined to comment. Equinor did not immediately respond to a request for comment.

(1 US dollar = 0.8933 euro)

(To assist non-English speakers, Reuters automatically translates its reports into several other languages. Automated translation may contain errors or lack necessary context, and Reuters does not guarantee the accuracy of automated translations. Automated translation is provided solely for reader convenience. Reuters accepts no liability for any damage or loss arising from use of the automated translation function.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Exclusive Report - Sources say Apollo has submitted a non-binding offer for German energy company Uniper

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