{"id":106374,"date":"2026-06-03T16:43:35","date_gmt":"2026-06-03T16:43:35","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/106374\/"},"modified":"2026-06-03T16:43:35","modified_gmt":"2026-06-03T16:43:35","slug":"kretinskemu-se-zacina-kupit-konkurence-v-souboji-o-nemecky-uniper","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/106374\/","title":{"rendered":"K\u0159et\u00ednsk\u00e9mu se za\u010d\u00edn\u00e1 kupit konkurence v souboji o n\u011bmeck\u00fd Uniper"},"content":{"rendered":"

\u010cesk\u00fd holding EPH Daniela K\u0159et\u00ednsk\u00e9ho<\/a>\u00a0(spolumajitel provozovatele webu e15.cz, pozn. aut.) pat\u0159\u00ed mezi spole\u010dnosti, kter\u00e9 by p\u0159\u00ed\u0161t\u00ed t\u00fdden m\u011bly form\u00e1ln\u011b vstoupit do prodejn\u00edho procesu t\u00fdkaj\u00edc\u00edho se t\u0159\u00ed\u010dtvrtinov\u00e9ho pod\u00edlu ve spole\u010dnosti Uniper. S odvol\u00e1n\u00edm na \u010dty\u0159i zdroje obezn\u00e1men\u00e9 se situac\u00ed to v \u00fater\u00fd napsala agentura Reuters<\/a>\u00a0s t\u00edm, \u017ee hodnota n\u011bmeck\u00e9 energetick\u00e9 skupiny m\u016f\u017ee p\u0159es\u00e1hnout deset miliard eur, tedy zhruba 242 miliard korun.\u00a0<\/p>\n

Prodej majority ve spole\u010dnosti Uniper znamen\u00e1 nejv\u011bt\u0161\u00ed transakci na tamn\u00edm elektr\u00e1rensk\u00e9m trhu od doby, kdy Berl\u00edn stejnou firmu b\u011bhem evropsk\u00e9 energetick\u00e9 krize v roce 2022 spolu se st\u00e1tn\u00ed energetickou spole\u010dnost\u00ed SEFE zachr\u00e1nil \u010d\u00e1stkou kolem 20 miliard eur. Jde o nejv\u011bt\u0161\u00edho n\u011bmeck\u00e9ho dovozce plynu, kter\u00fd z\u00e1rove\u0148 disponuje v\u00fdrobn\u00edmi zdroji se souhrnn\u00fdm v\u00fdkonem 22,5 gigawattu, tedy podobn\u00fdm, jako maj\u00ed v\u0161echny elektr\u00e1rny v \u010cesku dohromady.\u00a0<\/p>\n

Kana\u010fan\u00e9, Norov\u00e9 i Francouzi<\/p>\n

Podle zdroj\u016f Reuters by o n\u011bmeckou skupinu m\u011bly projevit z\u00e1jem minim\u00e1ln\u011b je\u0161t\u011b \u010dty\u0159i spole\u010dnosti \u2013 kanadsk\u00fd penzijn\u00ed fond CPPIB, kanadsk\u00e1 investi\u010dn\u00ed spole\u010dnost Brookfield, norsk\u00fd plyn\u00e1rensk\u00fd holding Equinor a francouzsk\u00e1 energetick\u00e1 skupina TotalEnergies, v n\u00ed\u017e m\u00e1 K\u0159et\u00ednsk\u00e9ho EPH \u010derstv\u011b zhruba \u010dty\u0159procentn\u00ed pod\u00edl. M\u00e9n\u011b jist\u00e9 je zapojen\u00ed nejv\u011bt\u0161\u00edho n\u011bmeck\u00e9ho v\u00fdrobce elekt\u0159iny RWE, kter\u00fd je p\u0159irozen\u00fdm konkurentem Uniperu.\u00a0<\/p>\n

Ve h\u0159e jsou pak tak\u00e9 z\u00e1jemci, kte\u0159\u00ed by se mohli p\u0159ihl\u00e1sit o \u010d\u00e1st v\u00fdrobn\u00edho portfolia. Reuters zmi\u0148uje nap\u0159\u00edklad finskou spole\u010dnost Fortum, kter\u00e1 by se mohla pokusit z\u00edskat jadern\u00e9, pota\u017emo i vodn\u00ed elektr\u00e1rny ve \u0160v\u00e9dsku.\u00a0<\/p>\n

N\u011bmeck\u00fd list Handelsblatt<\/a>\u00a0v t\u00e9to souvislosti zmi\u0148uje i dom\u00e1c\u00ed energetickou spole\u010dnost Vattenfall. Ta n\u011bmeck\u00e9mu finan\u010dn\u00edmu den\u00edku dokonce potvrdila, \u017ee prodejn\u00ed proces sleduje, m\u00e1 p\u0159irozen\u00fd z\u00e1jem o \u0161v\u00e9dsk\u00e1 aktiva a zva\u017euje mo\u017enosti zapojen\u00ed do tendru. Stejn\u00fd den\u00edk pak dod\u00e1v\u00e1 je\u0161t\u011b t\u0159i dal\u0161\u00ed mo\u017en\u00e9 uchaze\u010de, a to australskou investi\u010dn\u00ed skupinu Macquarie a dva mezin\u00e1rodn\u00ed obchodn\u00edky s komoditami \u2013 \u0161v\u00fdcarsk\u00fd Gunvor a singapurskou spole\u010dnost Trafigura.\u00a0<\/p>\n

\"TotalEnergies<\/a>TotalEnergies je na\u0161e ochrana p\u0159ed evropsk\u00fdmi riziky, pod\u00edl v n\u00ed m\u016f\u017eeme i zv\u00fd\u0161it, \u0159ekl K\u0159et\u00ednsk\u00fd<\/a><\/p>\n

Berl\u00edn podle agentury Reuters nab\u00eddl Uniper k prodeji minul\u00fd m\u011bs\u00edc. Potenci\u00e1ln\u00ed kupci maj\u00ed \u010das p\u0159ihl\u00e1sit se do konce p\u0159\u00ed\u0161t\u00edho t\u00fddne. Zat\u00edm v\u0161ak nejde o indikativn\u00ed nab\u00eddky. Dosavadn\u00ed komunikace m\u00e1 podle zdroj\u016f Reuters obsahovat pouze obecn\u00e9 informace o uchaze\u010d\u00edch, jejich vlastnick\u00e9 struktu\u0159e a tak\u00e9 podrobnosti o tom, jak by mohl b\u00fdt obchod financov\u00e1n.\u00a0<\/p>\n

Dal\u0161\u00ed kolo, kter\u00e9 m\u00e1 obsahovat ji\u017e indikativn\u00ed nab\u00eddky, je napl\u00e1nov\u00e1no na l\u00e9to, p\u0159i\u010dem\u017e kupce chce n\u011bmeck\u00e1 vl\u00e1da vybrat na podzim.\u00a0<\/p>\n

V prodejn\u00edm procesu p\u0159itom z\u016fst\u00e1v\u00e1 mnoho nezn\u00e1m\u00fdch. I Reuters p\u0159ipou\u0161t\u00ed, \u017ee Berl\u00edn by mohl zat\u00edm prodat jen \u010d\u00e1st akci\u00ed a pozd\u011bji nab\u00eddnout jejich zbytek na burze. Podle zdroje e15 tak\u00e9 nen\u00ed jasn\u00e9, zda se ve fin\u00e1le budou prod\u00e1vat jednotliv\u00e1 aktiva odd\u011blen\u011b, nebo v bal\u00ed\u010dku.\u00a0<\/p>\n

\"Zadlu\u017een\u00ed<\/a>Zadlu\u017een\u00ed sol\u00e1rn\u00edci z pra\u017esk\u00e9 burzy propustili t\u0159etinu zam\u011bstnanc\u016f. P\u0159esto jim spadl zisk o \u010dty\u0159i p\u011btiny<\/a><\/p>\n

Na z\u00e1klad\u011b sou\u010dasn\u00fdch sektorov\u00fdch n\u00e1sobk\u016f by mohl b\u00fdt Uniper ocen\u011bn na 8,8 a\u017e 11,4 miliardy eur. Jde o takzvanou enterprise value, kter\u00e1 nepo\u010d\u00edt\u00e1 s dluhem a hotovost\u00ed spole\u010dnosti. Fin\u00e1ln\u00ed cena by p\u0159itom v tomto konkr\u00e9tn\u00edm p\u0159\u00edpad\u011b mohla b\u00fdt je\u0161t\u011b vy\u0161\u0161\u00ed. Podnik toti\u017e po ode\u010dten\u00ed dluh\u016f dr\u017e\u00ed pen\u011b\u017en\u00ed prost\u0159edky ve v\u00fd\u0161i dal\u0161\u00edch 4,4 miliardy eur, uvedly dva zdroje Reuters.\u00a0<\/p>\n

I proto p\u016fjde o jednu z nejv\u011bt\u0161\u00edch transakc\u00ed na evropsk\u00e9m energetick\u00e9m trhu, a to i p\u0159esto, \u017ee si n\u011bmeck\u00e9 ministerstvo financ\u00ed chce ponechat bloka\u010dn\u00ed men\u0161inu ve v\u00fd\u0161i 25 procent. Pro mnoh\u00e9 investory tak m\u016f\u017ee b\u00fdt Uniper jako celek velk\u00e9 sousto. N\u011bkte\u0159\u00ed z nich by se proto v pozd\u011bj\u0161\u00ed f\u00e1zi prodejn\u00edho procesu mohli spojit. Prodejce i potenci\u00e1ln\u00ed kupci se k tendru odm\u00edtli vyj\u00e1d\u0159it.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u010cesk\u00fd holding EPH Daniela K\u0159et\u00ednsk\u00e9ho\u00a0(spolumajitel provozovatele webu e15.cz, pozn. aut.) pat\u0159\u00ed mezi spole\u010dnosti, kter\u00e9 by p\u0159\u00ed\u0161t\u00ed t\u00fdden m\u011bly…\n","protected":false},"author":2,"featured_media":106375,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[4125,67,68,8005,31092,13313,382,31090,31091],"class_list":["post-106374","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-berlin","tag-business","tag-byznys","tag-daniel-kretinsky","tag-energeticka-spolecnost","tag-kanadane","tag-reuters","tag-uniper","tag-vlada-spolkove-republiky-nemecko"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116687182839993263","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/106374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=106374"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/106374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/106375"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=106374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=106374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=106374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}