News Digest Item
07 Nov 2017

Uniper confident after Q3 results / Fortum launches public takeover offer


German utility company Uniper swung back to profit, posting a net income of 782 million euros in the first nine months of 2017, after a loss of 4.2 billion euros due to "substantial impariment charges" in the same period last year, the company said on 7 November. Uniper said this stable performance let them look ahead to full-year 2017 with confidence. Meanwhile Finish utility Fortum's takeover bid for Uniper is moving into the next phase. Fortum has announced its public takeover offer to the shareholders of Uniper. Uniper's Management Board and Supervisory Board will carefully examine the offer, and comment on it within the next two weeks, said CEO Klaus Schäfer. Until then, the management has advised shareholders to refrain from accepting the takeover offer, he added.

See Uniper’s third quarter results and read the CEO’s statement in English here.

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.

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee