Uniper: “Will Analyze the Matter Taking Into Consideration the Interests of the Company”

Source Press Release
Company Uniper SEFortum (IFRS) 
Tags Corporate Deals, Deals, Renewable Energy, LNG & Gas Storage/Processing, Power
Date October 08, 2019

Uniper's major shareholder Fortum announced today that it has entered into agreements with shareholders Elliott and Knight Vinke to acquire in excess of 20.5 percent of the shares in Uniper. Upon closing of the transaction, Fortum's stake in Uniper would increase to more than 70.5 percent. The closing of the transaction is subject to the approvals of the regulatory authorities in Russia and the US, which Fortum expects to receive by the end of the first quarter of 2020.

A Uniper spokesman explains: “Our major shareholder Fortum has announced its plan for Uniper. Conversations with the management of Fortum have been going on and we expect these to continue. Our business is solid, and our focus has always been to find solutions that offer the best perspectives for the Uniper employees, our business and customers, our shareholders and partners.”

Once new results are available, Uniper will report accordingly.

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd