Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  WTI       

WTI
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

Uniper Says It Hasn't Received Takeover Approach From Fortum

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/20/2017 | 04:21pm CEST
   By Marc Bisbal Arias 
 

Uniper SE (>> Uniper SE) said Wednesday that it hasn't received a takeover approach from Fortum (>> Fortum Oyj) and isn't in talks with the Finnish company, but will evaluate any forthcoming proposal in the interest of the company and its stakeholders.

Earlier Wednesday, Finnish utility Fortum and Uniper's parent company E.ON SE (EAON.XE) said they were in advanced talks over a 3.76 billion euro ($4.51 billion) bid by Fortum for E.ON's stake in Germany-based energy company Uniper.

Any deal would lead to Fortum making a full public offer to all Uniper's shareholders at EUR22 a share, valuing the entire company at EUR8.05 billion.

In a statement released following the temporary suspension of trading in Helsinki, Fortum said it preferred a "full business combination agreement, including commitments to protect the interests of Uniper's key stakeholders."

Uniper Chief Executive Klaus Schaefer said that "this unsolicited takeover offer is clearly not in line with the strategy of Uniper as recently reiterated publicly."

E.ON has also confirmed that it was in advanced talks with Fortum to sell its stake in Uniper, and that it could tender the shares in early 2018.

Dominic Chopping contributed to this article.

Write to Marc Bisbal Arias at [email protected]

Stocks mentioned in the article : Uniper SE, Fortum Oyj
Stocks mentioned in the article
ChangeLast1st jan.
E.ON -0.75% 9.694 Delayed Quote.7.79%
FORTUM OYJ -0.59% 21.82 Delayed Quote.33.03%
UNIPER SE -0.49% 26.37 Delayed Quote.1.92%
WTI -1.29% 68.01 Delayed Quote.13.21%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WTI
07/19Judge Dismisses New York City's Suit Against Oil Companies
DJ
07/19Oil Prices Rise as Saudis Dismiss Supply Concerns
DJ
07/19NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
07/19Oil Prices Rise As Saudis Dismiss Supply Concern
DJ
07/19NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
07/19SARB Holds Main Repo Rate Despite Inflation, Cuts 2018 Growth Forecast
DJ
07/19Lukoil to Cancel 100.6 Million Treasury Shares as Part of Buyback Program
DJ
07/19PJSC LukOil Statement re EGM Agenda
DJ
07/19Oil Prices Fall Following U.S. Inventory Rise
DJ
07/19NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
More news
Chart WTI
Duration : Period :
WTI Technical Analysis Chart | 4-Traders
Technical analysis trends WTI
Short TermMid-TermLong Term
TrendsNeutralBullishBullish