September 20, 2017 / 10:34 AM / a month ago

Finland's Fortum says prepares $4.5 billion bid for E.ON's Uniper stake

HELSINKI (Reuters) - Finland’s largest utility Fortum (FORTUM.HE) is in advance talks to buy German utility E.ON’s (EONGn.DE) 46.7 percent stake in nuclear and fossil energy group Uniper (UN01.DE) for 3.76 billion euros ($4.51 billion), the companies said on Wednesday.

A general view of the Fortum headquarters in Espoo, Finland August 18, 2017. REUTERS/Lefteris Karagiannopoulos

Fortum is preparing to make a voluntary offer of 22 euros ($26) per share to all Uniper shareholders in early 2018, it said in a statement.

Shares in Fortum rose 5 percent while those in Uniper and E.ON were up 4.3 percent and 2.4 percent, respectively.

Reporting by Tuomas Forsell, editing by Jussi Rosendahl

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