Market Chatter: KKR, RWE Team Up to Bid for Germany's Uniper

MT Newswires Live
Sep 29

KKR (KKR) and RWE have teamed up to submit a non-binding bid for Germany's state-owned Uniper, Bloomberg reported Monday, citing unnamed people familiar with the matter.

Equinor (EQNR), Brookfield Asset Management (BAM) with Canada Pension Plan Investment Board, and Czech energy group EPH also submitted bids, according to the report and Handelsblatt.

Germany's finance ministry wants Uniper to remain an integrated gas trading and power generation company and plans to retain about a 25% stake after a sale, Bloomberg reported.

KKR, RWE, Uniper, Equinor and Brookfield Asset Management did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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