German energy giant Uniper may have to sell its Dutch subsidiary. Uniper is in dire straits, which is why the German state wants to save the group. But then the Dutch assets have to be sold, reports the German newspaper Handelsblatt. “This could net Uniper one billion euros,” says German correspondent Derk Marseille.
According to Marseille, this must be done by the European Union. “This message was leaked by people close to the negotiations between the German government and the European competition authority,” she explains. If the German government enters Uniper, it will cost 33 billion euros. “And that’s why they have to divest Dutch assets from Europe, because that will bring them another billion.”
dutch market
Uniper doesn’t have many businesses in the Netherlands, but it does have some big ones. This includes activities in The Hague and Leiden, but the best known is the coal-fired power plant on the Maasvlakte. There seems to be a buyer now. “It could pay a billion. It’s just that it hasn’t been said yet who the possible buyer is,” Marseille said.
Uniper is mainly active in the corporate market in the Netherlands. Many of their clients are businesses. According to the German correspondent, they can still suffer from it. ‘An acquisition like this creates uncertainty, and obviously companies don’t like it. It is also possible that energy prices will go up, but this of course depends on the new owner».
European platform
The EU wants a European platform for the purchase of gas, and then the nationalization of Uniper would be a stroke of luck. Then there will be more volumes on the market and this is very attractive for all suppliers. According to the correspondent, even Brussels can make these requests, because the existence of the energy giant is so uncertain. “Germany wants to save it at all costs,” Marseille said.
Source: BNR
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