Uniper Ruhrgas International GmbH to Sell 18.26% Stake in AS Latvijas Gaze

Uniper Ruhrgas International GmbH to Sell 18.26% Stake in AS Latvijas Gaze

(IN BRIEF) Uniper Ruhrgas International GmbH, a subsidiary of Uniper SE, plans to sell its 18.26% stake in AS Latvijas Gaze through an open and transparent bidding process, following approval from the European Commission. AS Latvijas Gaze, a major player in the Baltic energy market, focuses on natural gas trading and consumer sales, particularly in Latvia. Interested parties must submit an expression of interest by January 6, 2025. Afterward, they will receive a process letter detailing the pre-qualification requirements for the bidding process.

(PRESS RELEASE) DÜSSELDORF, 11-Dec-2024 — /EuropaWire/ — Uniper Ruhrgas International GmbH, a fully owned subsidiary of Uniper SE, has announced its intention to sell its 18.26% equity stake in AS Latvijas Gaze, following the European Commission’s state aid approval decision dated December 20, 2022 (SA.103791). The sale will be conducted through an open, transparent, and fair bidding process.

AS Latvijas Gaze is a prominent player in the Baltic energy market, with over 30 years of history. After divesting its natural gas distribution business in 2023, AS Latvijas Gaze now focuses on natural gas trading and sales to consumers, primarily in Latvia. In 2023, the company reported revenues of €159.8 million.

The key shareholders of AS Latvijas Gaze include AS Rietumu Banka (28.97%), Energy Investments LLC (27.85%), Uniper Ruhrgas International GmbH (18.26%), SIA Itera Latvija (16.00%), and UAB Haupas (6.15%).

Interested parties wishing to participate in the bidding process are invited to submit an expression of interest in either German or English via email to the contact provided by 5pm CET on January 6, 2025. The expression of interest must include the interested party’s name, address, and contact details, as well as the individuals responsible for the process.

Following the receipt of expressions of interest, participants will be sent a process letter, which will outline the steps required for pre-qualification in the bidding process.

About Uniper

Düsseldorf-based Uniper is a European energy company with global reach and activities in more than 40 countries. With approximately 7,400 employees, the company makes an important contribution to security of supply in Europe, particularly in its core markets of Germany, the UK, Sweden and the Netherlands.

Uniper’s operations encompass power generation in Europe, global energy trading, and a broad gas portfolio. Uniper procures gas—including liquefied natural gas (LNG)—and other energy sources on global markets. The company owns and operates gas storage facilities with a total capacity of more than 7 billion cubic meters.

Uniper intends to be completely carbon-neutral by 2040. Uniper aims for its installed power generating capacity to be more than 80% zero-carbon by the early 2030s. To achieve this, the company is transforming its power plants and facilities and investing in flexible, dispatchable power generating units. Uniper is already one of Europe’s largest operators of hydropower plants and is helping further expand solar and wind power, which are essential for a more sustainable and secure future. The company is progressively expanding its gas portfolio to include green gases like hydrogen and biomethane and aims to convert to these gases over the long term.

Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply.

This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

Media Contact:

Oliver Roeder
Pressesprecher/ Finanzen & Nachhaltigkeit
oliver.roeder@uniper.energy
+49 1 51-12 65 84 65
email: project.hamburg@uniper.energy

SOURCE: Uniper SE