Apollo joins $11.5 billion race for Germany's Uniper

· Oil & Gas · Germany · United States

Apollo Global Management has submitted a non-binding bid for Uniper, the German gas importer and energy group, joining some of Europe's largest energy and investment groups in a sale that could value the company at around €10 billion ($11.6 billion), according to Reuters. Germany took control of Uniper through a €13.5 billion rescue during the energy crisis; Berlin is now seeking to sell the asset. The bid process is still at a preliminary stage, with no binding offers yet. Uniper is Germany's largest gas importer, making its ownership a question of national energy security as well as returns for the buyer.

Why it matters：The sale of Germany's largest gas importer will shape who controls a key piece of Europe's energy security, and the price will set a benchmark for state-rescued energy assets coming back to market.

Key points

  • Apollo filed a non-binding bid; the process is at a preliminary stage.
  • Germany took control of Uniper through a €13.5 billion rescue during the energy crisis.
  • Uniper is Germany's largest gas importer, and the sale could value it near €10 billion.

Sources (original reporting)

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