E.ON SE (EONGY.PK)
22 Sep 2017
HELSINKI Shares in Fortum slipped on Thursday on concerns over whether the Finnish power utility would end up with the assets it wanted if it bought a major stake in German counterpart Uniper from E.ON .
FRANKFURT/HELSINKI Finnish power company Fortum is in advanced talks to buy for 3.8 billion euros ($4.6 billion) German utility E.ON's remaining stake in Uniper, the power stations and trading business it spun off last year.
FRANKFURT German energy company Uniper , whose biggest shareholder is E.ON , on Wednesday said it had not invited a bid by Finnish state-controlled peer Fortum .
* Uniper says offer "clearly not in line" with its strategy (Adds comments from Fortum, Uniper and analyst, updates shares)
FRANKFURT, Sept 20 German energy company Uniper , whose biggest shareholder is E.ON, on Wednesday said it had not invited a bid by Finnish state-controlled peer Fortum.
HELSINKI Finland's largest utility Fortum is in advance talks to buy German utility E.ON's 46.7 percent stake in nuclear and fossil energy group Uniper for 3.76 billion euros ($4.51 billion), the companies said on Wednesday.
FRANKFURT Germany utility E.ON on Wednesday said it is in advanced negotiations over the sale of its stake in nuclear and fossil energy group Uniper to Finland's Fortum in 2018.
* Says former CEO Wulf Bernotat died on Sunday Further company coverage:
* Shares down 1.7 pct, among biggest DAX losers (Recasts, adds Kepler Cheuvreux, M&A context, updates shares)
FRANKFURT, Aug 9 E.ON Chief Executive Johannes Teyssen said business in Turkey was going well, adding the group expected power demand in the country to rise and flagging a possible listing of Enerjisa, its local joint venture with Sabanci.