Brookfield-CPPIB Consortium Advances to Next Round in Uniper Sale

A Brookfield–Canada Pension Plan Investment Board consortium has advanced to the next round of Germany’s sale of Uniper, where bidders are expected to submit binding offers. Norway’s Equinor also remains in contention, and Britain’s Centrica was reported to have advanced, while Czech energy group EPH and a KKR–RWE consortium did not. Germany is seeking to reduce its 99.12% stake in the utility through a sale or re-IPO, in a transaction that could value Uniper at up to €14 billion. Berlin rescued Uniper with €13.5 billion during the 2022 energy crisis, and European Union rules require Germany to cut its holding to no more than 25% plus one share by 2028.