E.ON: completes sale of Uniper stake to Fortum
(CercleFinance.com) - E.
ON said that it has completed the sale of its 46.65% stake in Uniper to the Finnish energy company Fortum, receiving approximately 3.8 billion euros from the deal.
All conditions for the public takeover offer to be completed have been met, E.ON said, with the European Commission and the Russian anti-monopoly authority having given merger control approvals.
"The sale of our remaining shares in Uniper to Fortum marks the end of a chapter in E.ON's history. We wish Uniper - and thus our former colleagues - every success for the future," E.ON CEO Johannes Teyssen said.
In September 2017, Fortum and E.ON signed an agreement under which E.ON had the right to decide to tender its Uniper stake into Fortum's voluntary public tender offer.
Before that, Uniper was spun off from E.ON in 2016, after 53.35% of all of Uniper's shares had been directly transferred to the portfolios of E.ON shareholders.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
ON said that it has completed the sale of its 46.65% stake in Uniper to the Finnish energy company Fortum, receiving approximately 3.8 billion euros from the deal.
All conditions for the public takeover offer to be completed have been met, E.ON said, with the European Commission and the Russian anti-monopoly authority having given merger control approvals.
"The sale of our remaining shares in Uniper to Fortum marks the end of a chapter in E.ON's history. We wish Uniper - and thus our former colleagues - every success for the future," E.ON CEO Johannes Teyssen said.
In September 2017, Fortum and E.ON signed an agreement under which E.ON had the right to decide to tender its Uniper stake into Fortum's voluntary public tender offer.
Before that, Uniper was spun off from E.ON in 2016, after 53.35% of all of Uniper's shares had been directly transferred to the portfolios of E.ON shareholders.
Copyright (c) 2018 CercleFinance.com. All rights reserved.