Goldman Sachs: The oil market lacks confidence in the effectiveness of US escort measures

Incordex appointed Chen Wang to its board effective Sept. 29, 2026. Wang founded his own brand. He has served as founder and board chairman of Yunnan Jinshengchang Technology and Trade since Oct. 2024. He previously led global pharmaceutical education operations at Meixin E-commerce. He later ran education operations at Zhuyuan Grop. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Incordex Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-006080), on October 07, 2026, and is solely responsible for the information contained therein.

Germany plans to sell up to 74.12% of its stake in Uniper, with Apollo joining the bidders. Other parties vying for the stake include EPH, Equinor, and KKR. The sale could value the company at around 10 billion euros. Background: Uniper was taken over by the German government in 2022 under a 13.5-billion-euro (15.1 billion USD) rescue package, following the energy crisis triggered by Russia’s invasion of Ukraine which heavily impacted the company's finances. Since the bailout, Berlin has recouped approximately 3.5 billion euros from Uniper, including repayments and dividends. As Germany’s largest gas importer, Uniper's potential sale could be one of Europe’s biggest utility transactions this year, highlighting the strategic importance of the company in the region's energy security. Comments on the deal: Energy supply has increasingly become a major geopolitical and strategic concern globally, as highlighted by supply disruptions from the Iran conflict and recent sabotage attempts targeting power infrastructure. Given Uniper's central role in German energy security, its future ownership is under close scrutiny. The German finance ministry, which oversees the government’s 99.12% holding in Uniper—advised by UBS and JPMorgan—is aiming to sell up to 74.12% to comply with the EU mandate to reduce its stake to a “blocking minority” by 2028. According to earlier Reuters reporting, Czech energy group EPH, controlled by billionaire Daniel Kretinsky, and a consortium comprising Brookfield and Canadian CPPIB, have already submitted indicative offers. Equinor and a consortium of KKR and German utility RWE have also reportedly made bids. KKR, RWE, and Equinor declined to comment. In terms of process, Uniper is being sold through a dual-track sale, where the government is also exploring a potential IPO. This public listing is reportedly favored by Uniper’s unions, who fear potential break-up of the company under new ownership. Apollo and Uniper both declined to comment for Reuters. A source involved in the talks said bidders are expected to learn in the coming weeks whether they advance to the next round. All sources requested anonymity as they are not authorized to speak publicly. (1 USD = 0.8933 euros)