Fortum to launch 8 billion euro bid for Uniper
Finnish power utility Fortum will launch an 8 billion takeover offer for German energy company E.ON’s fossil spin-off Uniper after Fortum has secured the agreement of its biggest shareholder and former parent company, writes Richard Milne in an article for the Financial Times. “Uniper’s management is firmly against the takeover”, writes Milne. E.ON has welcomed the offer in a press release.
Read the article (behind paywall) in English here, and find E.ON press release in English here.
Find background in the CLEW dossier Battered utilities take on start-ups in innovation race, and the factsheet Germany’s largest utilities at a glance.
All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.