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4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Fortum Oyj    FORTUM   FI0009007132

FORTUM OYJ (FORTUM)
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Uniper says Fortum bid not welcome, not in discussions

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09/20/2017 | 05:56pm CET

German energy company Uniper (>> Uniper SE), whose biggest shareholder is E.ON (>> E.ON), on Wednesday said it had not invited a bid by Finnish state-controlled peer Fortum (>> Fortum Oyj).

German energy company Uniper (>> Uniper SE), whose biggest shareholder is E.ON (>> E.ON), on Wednesday said it had not invited a bid by Finnish state-controlled peer Fortum (>> Fortum Oyj).

"This unsolicited takeover offer is clearly not in line with the strategy of Uniper as recently reiterated publicly," Uniper chief executive Klaus Schaefer said in a statement.

Uniper said it was not in discussions with Fortum or E.ON about the matter.

Separately, Fortum CEO Pekka Lundmark in a call with reporters said the move was "not a takeover but an investment."

(This version of the story corrects to show E.ON is biggest shareholder in Uniper, not majority owner. Fixes spelling of Fortum in first reference.)

(Reporting by Vera Eckert; Editing by Arno Schuetze and Tom Pfeiffer)

Stocks treated in this article : Fortum Oyj, E.ON, Uniper SE
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Financials (€)
Sales 2017 4 387 M
EBIT 2017 828 M
Net income 2017 815 M
Debt 2017 919 M
Yield 2017 5,95%
P/E ratio 2017 18,80
P/E ratio 2018 19,50
EV / Sales 2017 3,64x
EV / Sales 2018 3,81x
Capitalization 15 049 M
Chart FORTUM OYJ
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Fortum Oyj Technical Analysis Chart | FORTUM | FI0009007132 | 4-Traders
Technical analysis trends FORTUM OYJ
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 26
Average target price 17,2 €
Spread / Average Target 1,3%
EPS Revisions
Managers
NameTitle
Pekka Ilmari Lundmark President & Chief Executive Officer
Sari Maritta Baldauf Chairman
Markus Heikki Erdem Rauramo Chief Financial Officer
Heinz-Werner Binzel Independent Director
Tapio Teuvo Kuula Non-Executive Director
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