Overview

• The purchase agreement covers about 1,490 kilometers of district heating pipelines in the Ruhr region.
• The transaction fulfills an EU Commission requirement imposed when Germany bailed out Uniper in 2022 following Russia’s gas cutoffs.
• Around 130 Uniper heating employees will transfer to Steag Iqony, safeguarding existing jobs.
• The purchase price has not been disclosed and the companies expect closing by the fourth quarter pending antitrust and regulatory clearance.
• Uniper must still divest its Datteln 4 coal-fired power plant by the end of 2026 under the remaining state aid conditions.