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HELSINKI, Sept. 26 (Xinhua) -- Finnish energy giant Fortum is getting at least 46 percent ownership in the German energy company Uniper, Fortum announced
on Tuesday in a statement.
Fortum said it signed a deal with E.ON to acquire about 46 percent share of Uniper stock.
In line with German law, Fortum is making a tender to all Uniper shareholders at 22 euros (26 U.S. dollars) per share. At this rate, the value of the 46
percent ownership would be 3.76 billion euros out of the whole Uniper stock of
8.05 billion euros, Finnish News Agency reported.
Fortum underlined that its aim is to acquire only the E.ON portion of the stock capital.
However#7# based on their offer to all shareholders, the ownership by Fortum may exceed 50 percent of Uniper. Fortum CEO Pekka Lundmark said in a press
release on Tuesday Fortum is "convinced its offer would be of interest to all
other shareholders of Uniper".
As the first reports about a possible Fortum interest in the E.ON ownership of Uniper circulated last week, Uniper CEO Klaus Schafer described the
intentions of Fortum as "an unsolicited takeover offer" and said it is not in
line with the strategies of Uniper.
Fortum CEO Lundmark told the media last week that Fortum had suggested to Uniper earlier in the summer that Fortum and Uniper could combine their
businesses, but Uniper had rejected the offer.
Lundmark said Fortum is not planning to conquer Uniper. He said the plan is "an investment#8# not a takeo. Cheap Jerseys China Wholesale Cheap Wholesale Jerseys Cheap Air Vapormax Cheap Nike Vapormax Cheap Air Max 90 Kids Cheap Air Max 90 Cheap Air Max 90 Infrared Cheap Air Vapormax Mens Cheap Air Vapormax Plus Cheap Air Vapormax Flyknit
