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German Economy Minister: Investors find Uniper and Sefe 'attractive.'

Potential investors see Uniper and Sefe as attractive assets, said Germany's Economy Minister on Wednesday.

Her remarks were made during an investor conference in Frankfurt on German energy infrastructure, where more than 50 institutional investors representing over 10 trillion euros (11.6 trillion dollars) of global invested capital gathered.

The second conference of its kind, organized by the state-backed lender KfW is aimed at generating investor interest in Europe’s largest economy. It has been contracting in the past two years and only modest growth is expected in 2025.

Berlin spent approximately 20 billion euros in 2022 to stabilize both Sefe & Uniper after Russia cut and then stopped gas supply. The German government is required to reduce stakes in each group to maximum 25% plus one share, by 2028.

Katherina Reiche, Economy Minister, said: "I am interested in the fact that both companies have been deemed interesting and attractive."

"At this time, I can't say with whom we are discussing the matter," she continued, noting still that Germany has become a magnet to large energy investors.

(source: Reuters)