Apollo Joins $11.5 Billion Race for German Gas Giant Uniper

Apollo Global Management has submitted a non-binding bid for German energy giant Uniper, joining some of Europe’s biggest energy and investment groups in a sale that could value Germany’s largest gas importer at around €10 billion ($11.6 billion), Reuters reported. Germany took control of Uniper through a €13.5 billion bailout in 2022 after Russia slashed pipeline gas deliveries and the company was forced to replace contracted Russian supplies at much higher market prices. Berlin currently owns 99.12% of the company. Apollo…