By Giulia Petroni 
 

Uniper SE said Friday that all five members of the supervisory board, including Chairman Bernhard Reutersberg, will resign effective immediately.

The German energy company said a court procedure to appoint new members will be started soon and that appointed members will then be elected to the board at the next annual general meeting on May 20.

The news came about a week after Finnish state-owned energy company Fortum Oyj closed the first tranche of the agreement to become Uniper's majority shareholder with 69.6% of shares and voting rights.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

April 03, 2020 13:13 ET (17:13 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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