Uniper

As of 1 November Uniper reported storage filling of around 81 percent, well above the German average of about 60 percent. The energy group confirmed an adjusted net profit of €579 million and reiterated its 2026 guidance of €550–650 million. CEO Michael Lewis’s contract was extended to 2031; the company is preparing a reprivatization and proposes a dividend of €321 million (0.77 cents per share) as well as a base dividend of €300 million with annual growth of 7 percent. » More on sueddeutsche.de

Czech billionaire Daniel Křetínský and his EP group have made an offer for Uniper and launched a communications campaign in Berlin to be perceived as a reliable investor. Representatives stress experience with German holdings such as Leag and Metro, maintain political and union contacts, and are targeting a 75 percent stake with synergies in gas trading, power plants and storage. In addition to the EP group, RWE with KKR, a Canadian consortium and Equinor are competing in the sale; the federal government currently holds 99.12 percent and must relinquish its majority by the end of 2028. The Uniper works council expresses skepticism toward strategic buyers from abroad. » More on wiwo.de

The federal government intends to privatize the gas importer and operator of Germany’s largest gas storage facilities, Uniper. Interested buyers reportedly include RWE, various financial investors and the controversial Czech billionaire Daniel Křetínský, while the works council has expressed concern. The gas storage facilities are not sufficiently filled ahead of winter; Uniper was previously rescued with billions from the state after Russia halted deliveries. » More on sueddeutsche.de

The state plans to sell its 99 percent stake in Uniper; several interested parties have submitted non-binding offers. Equinor and a consortium of Brookfield and CPPIB are considered the strongest challengers to RWE and KKR, and EPH is also said to have placed a bid. An entry by Equinor could strategically complement Uniper’s gas supply and trading, but political concerns could give RWE an advantage. » More on deraktionaer.de

Uniper has signed a more-than-ten-year offtake agreement with US company Arcadia eFuels for 40,000 tonnes per year of electricity-based sustainable aviation fuel (eSAF). Deliveries are due to start in the early 2030s from a plant in Vordingborg with a planned annual capacity of around 80,000 tonnes. According to the companies, eSAF can reduce greenhouse gas emissions by up to 98 percent compared with conventional kerosene, and the agreement should give Uniper a strong position in the growing European eSAF market. » More on wiwo.de