E.on gives final approval for potential Northern European energy giant
German energy major E.on has now officially accepted a sale of its shares in Uniper to Finland's Fortum. This move could potentially give rise to a new, Nordic energy giant.
It seems that Finnish Fortum will succeed after a long period of attempting to acquire Germany's Uniper. The majority owner of Uniper thus far, E.on, has now officially approved a sale of its 46.65 percent shareholding in Uniper. The transaction would be at a share price of EUR 22 per share, which triggers total proceeds of EUR 3.76 billion for E.on.
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