Fortum may have hard time raising Uniper ownership to 75% (translated)
10 FEB 2018
Finnish energy company Fortum [HEL:FORTUM] may have a hard time raising its ownership of the German Uniper [ETR: UN01] to 75%, according to Tekniikka ja Talous. The Finnish-language piece cited a report in the German Handelsblatt, which in turn cited Klaus Schäfer, the chief executive of Uniper, who was delighted that Fortum only managed to gain 47.12% of the shares in Uniper.
On the other hand, raising ownership to 75% is more difficult, Handelsblatt estimates. Fortum should therefore be able to agree to a deal with hedge funds that owned Uniper shares, but they are unlikely to agree at least in the near future.
Link to original source.