EnergyWatch

Fortum intends to buy E.on's black company for EUR 3.76 billion

The Finnish energy company is in "advanced discussions" with E.on to buy the German utility's remaining share in Uniper.

Photo: eon

Fortum will serve as the main shareholder in German energy utility Uniper. The Finnish company is in "advanced discussions," with E.on to purchase the company's ownership interest of 46.65 percent of the company, which was split from E.on last year, reveals Fortum.

The deal has a total equity value of EUR 3.76 billion, corresponding to a EUR 22 in cash per share, which implies a premium of 36 percent to the price prior to "intense market speculation on a potential transaction at the end of May," notes the press statement.

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