EnergyWatch

Fierce acquisition battle claims new victims

Another two Uniper executives slam the door following Fortum's public declaration of not approving the German acquisition target's existing management.

Photo: Ritzau Scanpix/Thilo Schmuelgen

It is difficult to make things come together at temperatures close to the freezing point. This has been proven several times since Fortum in 2017 began the process of acquiring German utility Uniper, of which the Finnish company currently owns a 49.99 percent stake.

The latest manifestation happened on Sunday, when Uniper Chief Operating Officer Eckhardt Rümmler and Chief Commercial Officer Keith Martin – the two executives leading negotiations with Fortum since February – resigned from their posts, with some bitter remarks aimed at Fortum.

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