Uniper sells Opal pipeline shares to investor Hy24
The nationalized energy company Uniper is selling its 20 percent stake in the Opal gas pipeline to the investor Hy24. This is an EU edition from 2022.
Quick Look
- The nationalized energy company Uniper is selling its 20 percent stake in the Opal gas pipeline to the investor Hy24.
- The step comes as part of EU requirements from 2022 to save the company in the energy crisis.
AI-generated summary
Why It Matters
The EU had tied Uniper's rescue during the 2022 energy crisis to conditions.
The EU made Uniper's rescue during the 2022 energy crisis conditional on Uniper selling its shares in the Opal pipeline. Now the group is implementing the requirement.
Dusseldorf. The nationalized energy company Uniper is selling its stake in the Opal gas pipeline. The investor Hy24 will take over the package of 20 percent, the largest German gas company announced on Monday.
The transaction includes 100 percent of the shares in the company Lubmin-Brandov Assets, which holds 20 percent of the shares in the Opal pipeline. The remaining 80 percent belonged to the GASCADE Gastransport company. The transaction is part of the EU requirements that Uniper must meet for nationalization in 2022.
According to the announcement, Hy24 wants to advance the development of a hydrogen economy. Opal is one of the largest transport corridors in Europe and extends over a length of around 470 kilometers from Lubmin in Germany to Brandov in the Czech Republic. As part of the German hydrogen core network, the northern section of the Opal was converted in mid-December 2025, and the southern section should follow by the end of 2030.
Open Questions
- How high is the purchase price for the Opal shares?
