Nationalised group prepares for possible sale to return it to private hands
Nationalised German gas importer Uniper has started paying back a €13.5bn government bailout as it prepares for a possible sale to put it back in private hands. The company, which was Europe’s biggest importer of Russian gas prior to President Vladimir Putin’s full-scale invasion of Ukraine, made a €530mn transfer to the German state in September. A separate tranche of about €2.5bn will be transferred in early 2025, the company said on Tuesday, as it announced quarterly results.
2bn in its first nine months of the year. The German ministry of finance, which has said it aims to make a profit from its investment, announced in September that it was preparing to return the company to private hands, possibly by floating its shares. Chief financial officer Jutta Dönges said Uniper welcomed the announcement, but stressed that any decisions about reprivatisation would be made by the government.
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