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Germany mulls several options for SEFE and Uniper, including sale or IPO
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Germany mulls several options for SEFE and Uniper, including sale or IPO
Sep 10, 2025 4:17 AM

BERLIN, Sept 10 (Reuters) - The German government is

examining several options for both SEFE and Uniper,

the energy firms Germany nationalised during Europe's energy

crisis, including a separate sale or a possible listing, the

economy ministry said on Wednesday.

"The federal government is examining various options with an

open mind," a spokesperson for the ministry said.

Gazprom Germania, now operating under the name SEFE, was

nationalised by Berlin in 2022 after the group's former Russian

parent ditched the division, which is a vital part of Germany's

gas supply.

The company had to be rescued with a 6.3-billion-euro ($7.37

billion) bailout after Russia suspended gas supplies.

Uniper was bailed out also in 2022 when the government

injected a total of 13.5 billion euros.

Berlin has been preparing to reduce its 99.12% holding as

soon as this year, sources have told Reuters.

Under European Union requirements, Berlin must reduce its

stake in both companies to no more than 25% plus one share by

2028.

($1 = 0.8547 euros)

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