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.