Fortum agrees to acquire additional 20.5% stake in Uniper for EUR 2.3 billion

Fortum entered into agreements to acquire over 20.5% of Uniper from Elliott and Knight Vinke for approximately EUR 2.3 billion, increasing its total stake to over 70.5% and total investment to about EUR 6.2 billion. Closing is expected by end of Q1 2020, subject to regulatory approvals in Russia and the US.

“Fortum has today entered into agreements to acquire all the shares held by funds managed by Elliott Management Corporation and its affiliates and Knight Vinke Energy Advisors Limited and its affiliates, a total in excess of 20.5%.”news.cision.com

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• news.cision.comFortum agrees to acquire majority in Uniper to improve stability and accelerate realisation of strategy - FortumOct 8, 2019

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