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Exclusive-Apollo submits non-binding bid for German energy firm Uniper, sources say

Marcus Chen
Marcus Chen
Managing Editor · Wednesday, October 7, 2026 at 11:09 AM · 1 min read
Exclusive-Apollo submits non-binding bid for German energy firm Uniper, sources say — KFGO, Hillsboro Community news
Image: KFGO

By Christoph Steitz and Anousha Sakoui FRANKFURT/LONDON, Oct 7 (Reuters) Apollo Global Management has submitted a non-binding offer for German state-owned energy firm Uniper, ​two people with direct knowledge of the ‌matter said, joining the auction for one of Germany s biggest utilities. Potential suitors had until September 21 to submit indicative bids for Uniper, which was bailed out by Berlin ‌in ​2022 for €13.5 billion ($15.1 billion). A sale ⁠of Uniper could value ⁠the firm at around €10 billion and become one of Europe s biggest utility deals this year, Reuters previously reported. Germany s finance ministry, which oversees Berlin s ​99.12% stake in Uniper and is being advised by UBS and JP Morgan, has said ⁠it is looking to sell ⁠up to 74.12% in the energy ​firm. Czech energy firm EPH, which is controlled by billionaire ​Daniel Kretinsky, as well as a consortium of ‌investment firm Brookfield and Canada s CPPIB have submitted indicative bids, Reuters previously reported. Nor

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