Uniper Stock: Dividends Possible Again - IPO Path Clear!
The German government has lifted a dividend ban on Uniper, clearing a major obstacle for its planned exit from the energy company. This move follows a Bundestag decision in November and opens the door for private investors to acquire shares currently valued at €13.8 billion.
The ban on dividend payments was introduced as part of Uniper’s 2022 rescue package, when the state took a 99.12% stake in the firm. Under EU rules, Germany must reduce its ownership to no more than 25% plus one share by 2028. The Bundesrat’s recent approval of reinstated dividends now makes this reduction possible.
Uniper has called the return of dividend payments a crucial step for attracting buyers. Several investors, including Canadian asset manager Brookfield and Czech billionaire Daniel Křetínský, have already shown interest in purchasing shares. However, regulatory challenges remain due to Uniper’s key role in Germany’s gas supply and power plant operations.
The government’s next step will be deciding between an initial public offering (IPO) or a direct sale to a strategic investor. Financial considerations will play a role, but political factors are also expected to influence the final decision.
With the dividend ban removed, the government can now proceed with selling its stake in Uniper. The process will need to balance investor demand with regulatory requirements. A successful sale would mark a significant shift in the company’s ownership structure by the 2028 deadline.
