14th Nov 2026 09:20
(Alliance News) - Centrica PLC and Equinor ASA have made it through to the next round of Uniper SE's sale process, Bloomberg reported late on Friday, citing people familiar with the matter.
Dusseldorf, Germany-based energy firm Uniper has been a state-owned enterprise since 2022. Windsor, England-based energy supplier Centrica owns British Gas. Stavanger, Norway-based gas producer Equinor, which is 67% owned by the Norwegian state, signed a long-term natural gas supply agreement with Uniper in August.
Brookfield Asset Management Ltd and Canada Pension Plan Investment Board's consortium also remains in contention. However, one anonymous source told Bloomberg that a consortium of KKR & Co and RWE AG failed to advance to the second round, as did EPH.
"A sale would mark a major step in unwinding Germany's crisis-era intervention in Uniper following its 2022 bailout," Bloomberg said, noting that the government intends to keep a 25% stake after any deal is completed.
Bloomberg also noted that Uniper's works council has opposed a sale, arguing for an initial public offering instead.
The outlet said the German finance ministry was unavailable for comment; that EPH, RWE, Centrica and Equinor did not immediately respond to requests for comments; and that Brookfield, KKR and Uniper declined to comment.
By Emma Curzon, Alliance News reporter
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