(Il Sole 24 Ore Radiocor) - Milano, 20 mag - Shares in German utility Uniper were sharply higher after the German government said it plans to cut its stake in the company to a minority position four years after being forced to bail it out amid the energy crisis resulting from Russia's invasion of Ukraine.

At 0820 GMT, Uniper shares were up 9.82% at 53.70 euros while the DAX was 0.34% lower.

In a legal notice, the government said it would slash its over 99% stake to no more than 25% plus one share by the end of 2028 at the latest. The exit was a condition of the.

European Union's approval to the bailout in 2022.

(RADIOCOR) 20-05-26 10:30:11 (0261) 5 NNNN