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    Home > Chemicals Industry > International Chemical > E.ON completes the sale of Uniper's stake for EUR 3.8 billion

    E.ON completes the sale of Uniper's stake for EUR 3.8 billion

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    German utility E.
    ON sold its 46.
    65% stake in Uniper to Finnish counterpart Forton Group for 3.
    8 billion euros
    .

    E.
    ON completes the sale of Uniper's stake for EUR 3.
    8 billion

    E.
    ON has sold
    its Uniper shares in a voluntary public tender of €21.
    31 per share initiated by Fortis Group.
    The parties declare that all conditions for completion of the tender offer have now been satisfied
    .
    In total, Futeng Group already holds 47.
    35% of Uniper and is now the company's largest shareholder
    .

    Uniper was founded in 2016 when E.
    ON spun off its traditional energy business to focus on energy networks, customer solutions and renewable energy
    .
    Uniper currently has about 36 GW of installed power generation capacity and operates hydroelectric and fossil fuel power stations
    in six European countries and Russia.

    Johannes Teyssen, CEO of E.
    ON, commented that the sale marks the beginning
    of a new chapter for the company's future.
    The Group will be Europe's leading supplier
    of smart energy networks and modern customer solutions.

    On the other hand, Forton Group expects attractive returns on its investments, allowing the company to strengthen the development and implementation
    of sustainable energy technologies.

    German utility E.
    ON sold its 46.
    65% stake in Uniper to Finnish counterpart Forton Group for 3.
    8 billion euros
    .

    sell

    E.
    ON completes the sale of Uniper's stake for EUR 3.
    8 billion

    E.
    ON completes the sale of Uniper's stake for EUR 3.
    8 billion

    E.
    ON has sold
    its Uniper shares in a voluntary public tender of €21.
    31 per share initiated by Fortis Group.
    The parties declare that all conditions for completion of the tender offer have now been satisfied
    .
    In total, Futeng Group already holds 47.
    35% of Uniper and is now the company's largest shareholder
    .

    Uniper was founded in 2016 when E.
    ON spun off its traditional energy business to focus on energy networks, customer solutions and renewable energy
    .
    Uniper currently has about 36 GW of installed power generation capacity and operates hydroelectric and fossil fuel power stations
    in six European countries and Russia.

    Johannes Teyssen, CEO of E.
    ON, commented that the sale marks the beginning
    of a new chapter for the company's future.
    The Group will be Europe's leading supplier
    of smart energy networks and modern customer solutions.

    On the other hand, Forton Group expects attractive returns on its investments, allowing the company to strengthen the development and implementation
    of sustainable energy technologies.

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