BERLIN (Reuters) -The German government is examining several options for both SEFE and Uniper, the energy firms Germany nationalised during Europe's energy crisis, including a separate sale or a
Germany mulls several options for SEFE and Uniper, including sale or IPO
BERLIN (Reuters) -The German government is examining several options for both SEFE and Uniper, the energy firms Germany nationalised during Europe's energy crisis, including a separate sale or a possible listing, the economy ministry said on Wednesday.
"The federal government is examining various options with an open mind," a spokesperson for the ministry said.
Gazprom Germania, now operating under the name SEFE, was nationalised by Berlin in 2022 after the group's former Russian parent ditched the division, which is a vital part of Germany's gas supply.
The company had to be rescued with a 6.3-billion-euro ($7.37 billion) bailout after Russia suspended gas supplies.
Uniper was bailed out also in 2022 when the government injected a total of 13.5 billion euros.
Berlin has been preparing to reduce its 99.12% holding as soon as this year, sources have told Reuters.
Under European Union requirements, Berlin must reduce its stake in both companies to no more than 25% plus one share by 2028.
($1 = 0.8547 euros)
(Reporting by Riham Alkousaa, Editng by Miranda Murray)
