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Uniper hires Rothschild for divisional sale - Handelsblatt

Published 09/10/2023, 13:34
Updated 09/10/2023, 14:26
© Reuters. Plants hang from lights at a display of German energy firm Uniper during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
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BERLIN (Reuters) - Uniper has hired Rothschild to run the sale of its German district heating business, newspaper Handelsblatt reported, citing people familiar with the matter.

The sale, which is one of the numerous requirements for obtaining EU approval for Uniper's bailout last year, could be valued at 300 million to 400 million euros ($316 million to $421 million), the report said.

© Reuters. Plants hang from lights at a display of German energy firm Uniper during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo

Uniper was not immediately available for comment.

($1 = 0.9501 euros)

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