Fortum gains control of Uniper after two-year struggle [Reuters]
FORTUM OYJ CP UNSP/ADR (FOJCY)
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Source: Reuters
Fortum gains control of Uniper after two-year struggle Helsinki, March 13 (Reuters) - Energy company Fortum said on Friday it had met all regulatory conditions for a majority stake in German rival Uniper, after receiving a final approval from Russian authorities. The decision means Fortum can obtain a 70.5% ownership in the German energy group and gain control of the company, ending a more than two-year takeover battle. “The Russian Federal Antimonopoly Service has today informed Fortum that the company does not need a merger clearance decision for closing its majority transactions on Uniper SE shares,” Fortum said in a statement.
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