Uniper agrees to sell Opal pipeline stake to hydrogen fund Hy24

FRANKFURT, Sept 14 (Reuters) - Germany's Uniper on Monday said it had agreed to sell its 20% stake in gas pipeline Opal, one of Europe's largest transmission corridors, bringing it closer to completing asset disposals demanded by Brussels in exchange for approving the utility's state bailout in 2022.

The sale of the stake to Hy24 - a joint venture between private equity fund Ardian and asset manager FiveT Hydrogen - depends on regulatory clearance and non-execution of a pre-emption right by Opal's co-owner Gascade, owned by SEFE.

• No financial details were disclosed.

• The sale of Opal leaves Uniper with only two asset disposals it needs to deliver by end-2026: its helium business as well as its majority stake in Russian division Unipro, though the company has signalled the latter may not be possible.

(Reporting by Christoph Steitz, Editing by Miranda Murray)