Overview
- Berlin, which published a Financial Times notice Tuesday, invited investors to register interest by June 12 through UBS and J.P. Morgan.
- The state will retain 25 percent plus one share to keep a veto on major decisions and has ruled out selling individual business units.
- Officials are weighing off‑market block sales and a stock‑market return, with possible deal closings by November and work underway toward a January 2027 IPO, though no format is set.
- Uniper’s value is about €18–19 billion, and large share sales on the market could push the price down, which is why a private deal is under review.
- Unions and the works council oppose an off‑market sale and want a re‑IPO to protect workers at a company that supplies roughly 1,000 municipal utilities and employs about 7,200 people.