• E.ON agrees price for sale of Uniper stake to Fortum

    Date posted:

    • Post Author

      Patrick Lavery

      Combustion Industry News Editor

E.ON has confirmed that it will sell the remaining 47% of Uniper that it owns to Finnish power company Fortum. The sale is reportedly against the wishes of Uniper’s leadership, and the price per share (€22.00) was lower than the current market price (€25.85), but E.ON had agreed to the sale under the conditions back in September last year, and will still make around €3.76 billion (US$4.61 billion) from the deal. The sale now depends on Fortnum being granted antitrust approval, which expects to receive sometime this year. If it does indeed proceed, E.ON will be able to define itself as a “new energy” company.