# 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.

- Type: Acquisition
- Announced: 2019-10-08
- Value: $2.50B (2.30B EUR)
- Status: announced
- Products: electricity generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Uniper](https://endata.com/companies/9700.md) (target)
- [Fortum](https://endata.com/companies/11212.md) (acquirer)
- [Elliott Management Corporation](https://endata.com/companies/42579.md) (partner)
- [Knight Vinke Energy Advisors](https://endata.com/companies/42580.md) (partner)

## Sources

- [news.cision.com](https://news.cision.com/fortum/r/fortum-agrees-to-acquire-majority-in-uniper-to-improve-stability-and-accelerate-realisation-of-strat,c2927705), 2019-10-08: "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%."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.