Finland's Fortum says prepares $4.5 billion bid for E.ON's Uniper stake
Reuters
Published Sep 20, 2017 11:43
Finland's Fortum says prepares $4.5 billion bid for E.ON's Uniper stake
HELSINKI (Reuters) - Finland's largest utility Fortum (HE:FORTUM) is in advance talks to buy German utility E.ON's (DE:EONGn) 46.7 percent stake in nuclear and fossil energy group Uniper (DE:UN01) for 3.76 billion euros (£3.33 billion), the companies said on Wednesday.
Fortum is preparing to make a voluntary offer of 22 euros ($26) per share to all Uniper shareholders in early 2018, it said in a statement.
Shares in Fortum rose 5 percent while those in Uniper and E.ON were up 4.3 percent and 2.4 percent, respectively.
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Written By: Reuters
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