October 16, 2024 (press release) –
Uniper SE intends to sell its district heating business in the Ruhr-area in accordance with the European Commission’s state aid approval decision of 20 December 2022 (SA.103791; Link to press release).
The transaction perimeter covers 100% of the shares in Uniper Wärme GmbH (“UWG”), including UWG’s participation in “Grüne Quartiere GmbH”. UWG owns and operates one of Germany’s largest district heating networks with a length of more than 700 km in the densely populated Ruhr area and is supplying more than 14,000 customers (equivalent to ~160,000 household units) in several cities and municipalities in the Ruhr area with heat.
Parties interested in bidding for the acquisition of UWG are invited to submit their statement of interest (the “Expression of Interest”), containing the name, address and contact details of the interested party and the responsible persons in relation to the Expression of Interest, as well as name and address of mandated financial advisers (if any) to Rothschild & Co, the sole financial adviser mandated by Uniper SE, in German or English by e-mail to: ProjectFourier@rothschildandco.com
The approved contact persons from Rothschild & Co Deutschland GmbH are:
Kai Tschöke
Partner, Co-Head of Global Advisory DACH
Rothschild & Co Deutschland GmbH
Marvin Eiligmann
Director
Rothschild & Co Deutschland GmbH
Thomas Wasserek
Director
Rothschild & Co Deutschland GmbH
The deadline for the Expression of Interest is 23:59 CET on 7th November 2024. Any Expression of Interest received after the deadline or incomplete at such time may be disregarded.
Following receipt of the Expression of Interest, Rothschild & Co will provide the interested parties a teaser and a process letter, describing the next steps and requirements for the pre-qualification phase of the process. The bidding process will be run in an open, fair and transparent way. Further details on the transparent selection criteria for the pre-qualification phase will be laid out in the process letter.
About Uniper
Düsseldorf-based Uniper is a European energy company with global reach and activities in more than 40 countries. With more than 7,000 employees, the company makes an important contribution to security of supply in Europe, particularly in its core markets of Germany, the UK, Sweden and the Netherlands.
Uniper’s operations encompass power generation in Europe, global energy trading, and a broad gas portfolio. Uniper procures gas—including liquefied natural gas (LNG)—and other energy sources on global markets. The company owns and operates gas storage facilities with a total capacity of more than 7 billion cubic meters.
Uniper intends to be completely carbon-neutral by 2040. Uniper aims for its installed power generating capacity to be more than 80% zero-carbon by the early 2030s. To achieve this, the company is transforming its power plants and facilities and investing in flexible, dispatchable power generating units. Uniper is already one of Europe’s largest operators of hydropower plants and is helping further expand solar and wind power, which are essential for a more sustainable and secure future. The company is progressively expanding its gas portfolio to include green gases like hydrogen and biomethane and aims to convert to these gases over the long term.
Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply.
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