By Pietro Lombardi 
 

German energy company Uniper SE (UN01.XE) said Thursday that after a deep analysis of Fortum Oyj's (FORTUM.HE) plan to increase its stake in Uniper, it has identified some issues that need clarification and a more thorough analysis.

"These open points include, among others, the substantiation of commitments toward Uniper's employees, the future business operations, Uniper's strategy and financial stability, including maintaining its solid credit rating, outstanding regulatory clearances in Russia, as well as envisaged changes in the composition of Uniper's supervisory board," it said.

Fortum said Tuesday that it has reached agreements with Elliott Management Corp. and Knight Vinke Energy Advisors Ltd. to buy their entire holding in Uniper for roughly 2.3 billion euros ($2.52 billion), increasing its stake in the company to more than 70.5%.

"Uniper will continue to comprehensively assess Fortum's intentions in the best interest of the company and all of its stakeholders, and is aiming to clarify these uncertainties during the ongoing discussions with Fortum," the company said.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

October 10, 2019 10:48 ET (14:48 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Grafico Azioni Uniper (TG:UN01)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Uniper
Grafico Azioni Uniper (TG:UN01)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Uniper