Fortum agrees to acquire majority in Uniper to improve stability and accelerate realisation of strategy
(WorldNews Finland)

FORTUM CORPORATION INSIDE INFORMATION 8 OCTOBER 2019 AT 9.00 EEST Release category: Inside Information Fortum enters into agreements with Elliott and Knight Vinke to acquire in excess of 20.5% in Uniper for approximately EUR 2.3 billion, increasing Fortum`s share in Uniper to more than 70.5% and the total investment in Uniper to approximately EUR 6.2 billion Closing is subject to regulatory approvals in Russia and the United States Fortum intends to be represented on Uniper`s Supervisory Board commensurate with its ownership without delay Fortum seeks strategic and operational alignment between Fortum and Uniper Fortum rules out a domination and/or profit and loss transfer agreement or...