Russia may approve Fortum's acquisition of Uniper stake within half a year [Reuters]
FORTUM OYJ CP UNSP/ADR (FOJCY)
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Source: Reuters
Russia may approve Fortum's acquisition of Uniper stake within half a year - Reuters 1 Min Read MOSCOW (Reuters) - Russia may approve a deal allowing Finnish utility company Fortum ( FORTUM.HE ) to increase its stake in Germany’s Uniper ( UN01.DE ) within half a year, Russian Economy Minister Maxim Oreshkin said on Monday. In October, state-controlled Fortum agreed to buy a stake of more than 20.5% in Uniper, bringing its total holding to more than 70.5%. The deal, however, is subject to approval in Russia, where regulators have so far capped Fortum’s ownership of Uniper at 49.99% due to a water license operated by the German firm’s local subsidiary Unipro ( UPRO.MM ). Reporting by Anastasia Lyrchikova; writing by Tom Balmforth; editing by Polina Devitt All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Russia may approve Fortum's acquisition of Uniper stake within half a year MOSCOW (R
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