• EC gives competition go-ahead to Fortnum purchase of 46.65% of Uniper

    Date posted:

    • Post Author

      Patrick Lavery

      Combustion Industry News Editor

European Commission competition regulators have said they would allow Fortnum ‘s proposal to buy a 46.65% stake in Uniper, the thermal power generation company that was spun off E.ON at the start of 2016. After the Russian Federal Antimonopoly Service also recently cleared the proposal, there are now no remaining hurdles preventing the €3.8 billion (US$4.4 billion) move, which Fortnum wants to close by Wednesday 27 June. Uniper is opposed to the sale, with chief executive Klaus Schaefer saying that the two companies’ strategies are not in alignment.