EnergyWatch

Uniper rejects billion-euro advances from Fortum

The energy company is not negotiating with Fortum nor with E.on to sell a stake of EUR 3.76 billion. The offer does not fall in line with Uniper's strategy.

Uniper does not seem pleased with the prospect of a new owner. This Wednesday, Fortum announced that the company is in advanced talks with E.on and will bid EUR 3.76 billion for the German firm's 46.65 percent stake in Uniper. But this announcement was, to a certain extent, brushed off by Uniper's HQ in Düsseldorf.

"This unsolicited takeover offer is clearly not in line with the strategy of Uniper as recently reiterated publicly," said Uniper CEO, Klaus Schäfer, in a reaction to Fortum's advances.

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