Uniper Says It Hasn't Received Takeover Approach From Fortum
September 20 2017 - 10:35AM
Dow Jones News
By Marc Bisbal Arias
Uniper SE (UN01.XE) said Wednesday that it hasn't received a
takeover approach from Fortum (FORTUM.HE) and isn't in talks with
the Finnish company, but will evaluate any forthcoming proposal in
the interest of the company and its stakeholders.
Earlier Wednesday, Finnish utility Fortum and Uniper's parent
company E.ON SE (EAON.XE) said they were in advanced talks over a
3.76 billion euro ($4.51 billion) bid by Fortum for E.ON's stake in
Germany-based energy company Uniper.
Any deal would lead to Fortum making a full public offer to all
Uniper's shareholders at EUR22 a share, valuing the entire company
at EUR8.05 billion.
In a statement released following the temporary suspension of
trading in Helsinki, Fortum said it preferred a "full business
combination agreement, including commitments to protect the
interests of Uniper's key stakeholders."
Uniper Chief Executive Klaus Schaefer said that "this
unsolicited takeover offer is clearly not in line with the strategy
of Uniper as recently reiterated publicly."
E.ON has also confirmed that it was in advanced talks with
Fortum to sell its stake in Uniper, and that it could tender the
shares in early 2018.
Dominic Chopping contributed to this article.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
September 20, 2017 10:20 ET (14:20 GMT)
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