Uniper has not yet received permission from the Russian authorities to sell Unipro
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The German energy company Uniper reported difficulties in the implementation of a deal to sell its Russian subsidiary Unipro. The approval of the Russian authorities for the sale has not yet been received, the company said.
“On November 30, 2022, Uniper announced the decision to distance itself from its Russian division Unipro. A planned deal with a buyer from Russia is now in doubt because the necessary approval from the Russian authorities has not been received and remains in question,” the company said in a 2022 report (.pdf).
At the end of last year, Uniper ceased operations in relation to its Russian assets. The company explained this by the inability to manage a division in Russia and make appropriate decisions.
Uniper first announced plans to sell the Russian subsidiary in the summer of 2021. The company said that the deal was agreed with the buyer. However, according to Russian law, permission to sell Russian subsidiaries to foreign companies must be issued by the government commission for the control of foreign investment. Uniper owns 83.73% of Unipro.
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