Canadian Power Giants Brookfield and CPP Investments Bid for Stake in German Energy Conglomerate Uniper
Economy / Finance

Canadian Power Giants Brookfield and CPP Investments Bid for Stake in German Energy Conglomerate Uniper

In the sale process involving the Düsseldorf-based energy conglomerate Uniper, a consortium consisting of two major, financially powerful companies from Canada has apparently formed. According to reporting by the “Handelsblatt”, citing investment circles, the investment firm Brookfield and the pension fund CPP Investments have indicated their joint interest in purchasing shares in Uniper.

This Canadian duo possesses massive capital reserves: Brookfield manages assets exceeding one trillion US dollars, while CPP Investments manages approximately 570 billion US dollars. The consortium reportedly has the potential to acquire the entire 75 percent stake in Uniper currently for sale.

Furthermore, according to the “Handelsblatt”‘s report, the consortium made it clear during its expression of interest that, in addition to the necessary funds for the share purchase, it could bring capital for further investments. Both companies declined to comment on the information when approached by the newspaper.