E.ON's Uniper may sell stake in gas field, pipelines -sources

viernes 29 de julio de 2016 08:04 GYT

* Stake in Yuzhno Russkoye a sales option -sources

* Gas pipeline participations also possible items -sources

* Plans to sell assets worth at least 2 bln euros by 2018

By Arno Schuetze and Christoph Steitz

FRANKFURT, July 29 (Reuters) - Uniper, the power plant and energy trading unit owned by German utility E.ON, might put up for sale its stakes in a Russian gas field as well as regional gas pipelines to raise much-needed funds, three people familiar with the matter said.

Uniper, to be spun off from E.ON in September, earlier this year announced plans to sell assets worth at least 2 billion euros ($2.22 billion) by 2018, but declined to be more specific except saying it would not sell a whole division.

Chief Executive Klaus Schaefer did single out Uniper's 12.25 percent stake in Brazil's Eneva, but at a current value of 234 million reais ($71.17 million), it would not be substantial in reaching the targeted disposal sum.

The group is therefore expected to take a hard look at its 25 percent stake in Yuzhno Russkoye - a gas field it co-owns with Gazprom and BASF, the sources said. Estimates value the stake at $1.7-$2.5 billion.

Likely disposals also include the group's stakes in gas pipelines OPAL, BBL and Transitgas, the sources said, which Bernstein analysts have valued at a combined 920 million euros.   Continuación...