Uniper to Sell Gas Pipeline Stake to Meet EU State Aid Conditions
The sale advances Uniper’s required asset disposals under EU state aid rules, with completion still needing regulatory approval and a co-owner’s waiver.
8 Articles
8 Articles
The energy company Uniper separates itself from a pipeline that once transported Russian gas. The company has already sold various businesses – but not voluntarily.
Uniper agrees to sell Opal pipeline stake to hydrogen fund Hy24
Uniper to Sell Gas Pipeline Stake to Meet EU State Aid Conditions
Uniper announced on Monday an agreement to sell its 20% stake in the OPAL gas pipeline as part of the EU’s conditions on state aid that allowed Germany to bail out the German energy giant in 2022. Back then, the German government stepped in to nationalize Uniper to avoid its collapse amid soaring gas prices, with the total bill for the nationalization at about $53 billion. Uniper said today it had signed an agreement to sell its 20% stake in OPA…
The EU had tied Unipers' rescue during the 2022 energy crisis to the condition that Uniper would sell its shares in the Opal pipeline. The Group is now implementing the order.
Uniper Transfers OPAL Infrastructure Stake to Hydrogen Investor Hy24 as Pipeline Supports Germany’s Hydrogen Network
(IN BRIEF) Uniper has agreed to sell its 20% interest in the OPAL gas pipeline to hydrogen-focused investment manager Hy24 through its Clean Hydrogen Infrastructure Fund. The transaction will be completed through the sale of 100% of Lubmin-Brandov Assets GmbH … Read the full press release →
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