Fortum sells Uniper to German state

The Finnish utility is now selling its interest in crisis-stricken Uniper to the German state, which will try to save the German power company by raising around EUR 8bn in capital via an equity emission.
Photo: INA FASSBENDER/AFP / AFP
Photo: INA FASSBENDER/AFP / AFP
BY VIKTOR BRANDT KÆRGAARD, TRANSLATED BY DANIEL FRANK CHRISTENSEN

It’s been stirring for several months now, but the German state is now the majority owner of utility Uniper.

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