Overview
- Bloomberg-sourced reports say KKR and RWE submitted a joint non-binding offer for state-held Uniper while Equinor, a Brookfield–CPPIB group and EPH also lodged offers.
- The named bidders and Uniper declined to comment publicly on the reports, leaving the submissions subject to review before any binding bids are sought.
- The potential involvement of RWE would reverse an August stance in which RWE’s CEO said the company had no intention to buy Uniper, raising questions about the consortium’s scope and motive.
- Uniper’s works council opposes a sale and favors a public listing, saying a stock-market return would better protect the company’s independence and jobs.
- The federal finance ministry wants to keep roughly a 25 percent stake and the EU requires the state to cut its holding by the end of 2028, which will narrow deal options and invite close scrutiny of competition and security concerns.