Uniper stock: Bidders advance in Germany's stake-sale process
Published on 11/15/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat Changes For Uniper
- Brookfield, CPPIB, Equinor and Centrica are linked to the next stage of Germany's Uniper stake-sale process.
- Uniper raised its 2026 adjusted net income outlook after strong nine-month earnings.
- The Capital Markets Day on November 16 is set to outline strategy and medium-term investment plans.
Several bidders have advanced to the next stage of Germany's planned reduction of its stake in Uniper, Bloomberg reported on November 13, 2026. The report named Equinor and Centrica as well as a consortium of Brookfield Asset Management and the Canada Pension Plan Investment Board. Bloomberg said the next round is expected to lead to binding bids.
Berlin is seeking to reduce its 99.12% holding to a blocking minority. The options include a sale to a strategic or financial investor or a re-IPO. The reported process remains open, and no transaction has closed.
Earnings support the strategic review
Uniper's nine-month presentation, published on November 10, showed adjusted EBITDA of EUR 1,024 million, up from EUR 641 million a year earlier. Adjusted net income rose to EUR 579 million from EUR 268 million, while economic net cash reached EUR 4,078 million at September 30, compared with EUR 2,823 million at the end of 2025. The figures are presented in Uniper's 9M 2026 interim results presentation.
The company raised its 2026 adjusted net income outlook to EUR 550 million to EUR 650 million from EUR 500 million to EUR 600 million. Its adjusted EBITDA outlook remained at EUR 1.1 billion to EUR 1.3 billion. Uniper also set a medium-term dividend policy targeting average annual growth of 7% and a EUR 300 million base dividend, with a proposed EUR 0.77 per-share distribution for fiscal 2026 subject to conditions and shareholder approval.
Capital Markets Day comes next
Uniper's Capital Markets Day is scheduled for Monday, November 16, 2026, in London. Management plans to discuss corporate strategy, its medium-term investment plan and the future earnings outlook, according to the company's investor relations calendar.
Uniper SE
- Company: Uniper SE
- ISIN: DE000UNSE026
- Reporting period: First nine months of fiscal 2026
- Adjusted net income outlook: EUR 550 million to EUR 650 million for fiscal 2026
- Capital Markets Day: November 16, 2026, London
Germany's DAX provides the relevant domestic market context for Uniper and its stake-sale process: current DAX market coverage.
