21 Sep 2017

Utility E.ON in advanced talks to sell Uniper stake to Finnish utility Fortum

E.ON/Reuters

German utility E.ON might sell its remaining share in fossil spin-off Uniper to Finnish utility Fortum for 3.8 billion euros, the company said in a statement. The announcement was greeted by dismay by Uniper, which could be broken up by Fortum, according to analysts, report Arno Schuetze and Jussi Rosendahl for Reuters. “Sources close to the matter told Reuters that Fortum was mainly interested in Uniper’s hydropower plants and interests in Swedish nuclear power stations, and it was already working with a partner that might take Uniper’s coal-fired plants.”

Read the Reuters article in English here.

Read the E.ON release in English here.

Find background in the CLEW dossier Battered utilities take on start-ups in innovation race, and the factsheet Germany’s largest utilities at a glance.

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