Fortum to divest Uniper to German state

Fortum, the German government and Uniper signed an agreement for the German state to take full control of Uniper, with Fortum divesting its stake. The deal includes a capital increase of 4.7 billion new shares and Fortum selling its shares for EUR 0.5 billion.

“Under the current circumstances in the European energy markets and recognising the severity of Uniper’s situation, the divestment of Uniper is the right step to take, not only for Uniper but also for Fortum.”eurasiareview.com

• 1 source
• eurasiareview.comFortum To Fully Divest Uniper To The German State - Eurasia ReviewISEASSep 21, 2022

Summarized from public sources; check the original articles before acting on it.