Berlin still pursuing dual track with regard to Uniper sale, utility's CEO says

Brookfield

06/11/2025 07:56

FRANKFURT, Nov 6 (Reuters) - Berlin is still looking to either sell its stake in bailed-out utility Uniper UN0k.DE to strategic investors or via an initial public offering (IPO), the company's CEO Michael Lewis told analysts on Thursday.

"The position hasn't changed since the federal government announced the two-track approach last year, that's to say potential re-IPO and potential M&A sale. That is still the position," he said after presenting nine-month results.

Reuters earlier this year reported that investors, including Canada's Brookfield BN.TO and Czech billionaire Daniel Kretinsky, were interested in Berlin's 99.12% stake in Uniper, while Berlin is also discussing merging it with Sefe, the former local division of Gazprom GAZP.MM.

 (Reporting by Christoph Steitz, Editing by Miranda Murray)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))