RWE CEO confirms interest in buying Germany's Uniper

By Reuters News

- RWE RWEG.DE CEO Markus Krebber confirmed on Monday that the German energy group is in the race to take over its 99% state-owned rival Uniper UN0k.DE.

  • Asked at the ADIPEC energy conference in Abu Dhabi whether RWE, together with KKR KKR.N, had submitted a non-binding bid for Uniper, Krebber said: "It sounds right"

  • A person with direct knowledge of the matter had told Reuters that a KKR and RWE consortium had made a bid

  • RWE declined to comment. KKR did not immediately respond to a request for comment

  • Krebber had said in August that RWE had no interest in acquiring Uniper, in which Germany holds a 99.12% stake

  • Uniper was nationalised during the 2022 energy crisis, saving it from imminent bankruptcy

  • The German Finance Ministry has previously announced its intention to float up to 74.12% of Uniper on the market and is exploring both a sale and an initial public offering

  • Several parties have submitted bids, Reuters previously reported, including Czech energy firm EPH, Norwegian utility Equinor EQNR.OL and private equity firm Apollo Global Management APO.N, as well as a consortium of investment firm Brookfield BN.TO and Canada's CPPIB.

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