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.
