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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 CEST

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 4 285 M
EBIT 2017 839 M
Net income 2017 721 M
Debt 2017 876 M
Yield 2017 5,46%
P/E ratio 2017 21,77
P/E ratio 2018 22,34
EV / Sales 2017 3,91x
EV / Sales 2018 3,82x
Capitalization 15 893 M
Chart FORTUM OYJ
Duration : Period :
Fortum Oyj Technical Analysis Chart | FORTUM | FI0009007132 | 4-Traders
Technical analysis trends FORTUM OYJ
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 15,4 €
Spread / Average Target -14%
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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