Brookfield and CPPIB advance to next round for Uniper

A consortium of Brookfield and CPPIB has advanced to the next stage of the sale of German state-owned utility Uniper, Reuters reported on Friday, while EPH was not invited into the binding bid round.

Why it matters: Berlin is cutting its Uniper stake to a blocking minority in a process that could value the utility at up to 14 billion euros, and a Canadian consortium is now in the round that produces binding bids.

Data as of Reuters report of November 13, 2026, read in full in syndication; the advancement and the EPH exclusion rest on two people familiar with the process speaking anonymously, and the consortium declined to comment. Developing item.

A consortium consisting of Brookfield and CPPIB is among the suitors that have advanced to the next stage to buy German state-owned utility Uniper, according to two people familiar with the process cited by Reuters, and a spokesperson for the consortium declined to comment. One of the people said EPH, the Czech group controlled by Daniel Kretinsky, was not invited to the next bidding round, which would result in a binding bid; Equinor and a consortium of KKR and RWE had also submitted indicative bids in September.

Berlin is seeking to reduce its stake in Uniper to a blocking minority, either through a sale to a strategic or financial buyer or by selling shares in a re-IPO, in a deal that could value the company at up to 14 billion euros (15.4 billion dollars).

Brookfield and CPPIB advance to next round for Uniper

Sources