EnergyWatch

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

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

This takes place after Uniper’s hitherto owner, Finnish power company Fortum, made a deal with Berlin to offhand equity interest at a price of EUR 1.7 per share and totaling roughly EUR 500m.

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