EXCLUSIVE-Apollo has submitted a non-binding offer to acquire the company
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by Christoph Steitz and Anousha Sakoui Apollo Global Management APO.N has submitted a non-binding offer for German state-owned energy company Uniper UN0k.DE, two people directly briefed on the matter said, joining the race to acquire one of Germany's biggest utilities. Potential bidders had until September 21 to submit indicative offers for Uniper, which was nationalised by the German government in 2022 as part of a 13.5 billion euro ($15.1 billion) bailout. In total, Berlin has received around 3.5 billion euros from Uniper since the bailout, including state aid repayments and dividends. The envisaged sale of Uniper, Germany's biggest natural gas importer, could value the company at around 10 billion euros and mark one of Europe's biggest utility deals this year, Reuters previously reported. Apollo and Uniper did not respond to requests for comment from Reuters. Energy supply has become a major geopolitical and strategic issue for nations worldwide, as highlighted by disruptions related to the war in Iran and recent attempts to sabotage power grids. Because of its importance for Germany's security of supply, the question of Uniper's future ownership is receiving close attention. The German finance ministry, which manages Berlin's 99.12% stake in the company and is being advised by UBS and JPMorgan, is considering selling up to 74.12% of the energy company to comply with EU...
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