Who are the key bidders for Uniper, and how many parties have expressed interest?

Around 10 bidders have expressed interest in Uniper SE, including KKR & Co., Japan’s Jera Co., Canadian pension fund Caisse de dépôt et placement du Québec (La Caisse), Norway’s Equinor ASA, German energy company RWE AG, Brookfield Asset Management Ltd. in a consortium with Canada Pension Plan Investment Board (CPPIB), Vattenfall AB, Fortum Oyj, Czech billionaire Daniel Kretinsky’s EPH, and TotalEnergies SE.

Why is the potential sale of Uniper significant for Germany’s energy policy and market structure?

The sale would mark a significant step in Berlin’s efforts to unwind crisis-era interventions following Uniper’s multibillion-euro nationalization during the 2022 energy shock; it carries particular significance because Uniper remains a cornerstone of Germany’s energy system as one of its largest gas importers and power plant operators, and the government has stated it will ensure Uniper remains viable as a whole to safeguard Germany’s energy security—selling individual business units is not part of the process as it would violate EU sale requirements.

Germany’s Uniper Said to Draw Interest From Around 10 Bidders

Jun 18, 2026

Uniper SE, Germany's state-owned utility, has attracted interest from around 10 bidders, including KKR and TotalEnergies, for a sale following its 2022 nationalization. This transaction marks a significant step in Berlin's efforts to unwind crisis-era interventions while safeguarding energy security.

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2026-06-18

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