Russia approves Fortum plan to increase stake in Uniper - anti-monopoly service
Reuters
Published Nov 14, 2019 13:49
Russia approves Fortum plan to increase stake in Uniper - anti-monopoly service
MOSCOW (Reuters) - Russia approved Finnish utility Fortum's (HE:FORTUM) plan to increase its stake in Germany's Uniper (DE:UN01), although the deal will only come into effect after legislative amendments, the head of Russia's anti-monopoly service said on Thursday.
The deal would bring Fortum's total stake to more than 70.5%. Its ownership of Uniper had been capped at 49.99% by Russian regulators due to a water licence operated by the German firm's local subsidiary Unipro (MM:UPRO).
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Written By: Reuters
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