Most Uniper shareholders reject takeover offer from Fortum

A majority of Uniper’s shareholders has rejected a takeover offer from Finnish utility Fortum, the German fossil fuel utility said in a press release today. Aside from the 46.65 percent share that major shareholder E.ON sold to Fortum, offers from the remaining Uniper shareholders amount to just 0.47 percent. Fortum head Pekka Lundmark said he was satisfied with the 47.12 percent share the company acquired, Jürgen Flauger writes for Handelsblatt. Uniper CEO Klaus Schäfer said low interest from Uniper shareholders in Fortum’s offer showed that “the capital market continues to believe in our strategy and our long-term competitiveness as an independent company”.

Read the press release in English here and the Handelsblatt article in German here.