Fortum Oyj (FORTUM.HE)
HELSINKI, May 20 Finland's Fortum, Uniper's top shareholder, will state its position on activist proposals - some of which could trigger a breakup of the German firm - once it has formed a view, a spokeswoman for the group said.
* Uniper keeps FY targets, shares down 0.5 percent (Adds Uniper statement on Knight Vinke proposal)
FRANKFURT German utility Uniper SE named a new chief executive and chief financial officer with the unanimous backing of its supervisory board on Thursday in a sign of movement in a stand-off with Finland's Fortum.
FRANKFURT, May 2 German utility Uniper SE named a new chief executive and chief financial officer with the unanimous backing of its supervisory board on Thursday in a sign of movement in a stand-off with Finland's Fortum.
OSLO, April 26 Finland's Fortum has freed up 310 million euros ($345 million) of cash previously used as collateral at Nasdaq's Nordic power exchange by replacing it with a bank bond, it said on Friday.
OSLO, April 26 Finnish utility Fortum reported weaker than expected profits for the first quarter on Friday as higher power prices were offset by low volumes in electricity generation from the firm's hydropower assets.
FRANKFURT U.S. activist investor Elliott revealed a 1.2 billion euro ($1.3 billion) stake in SAP on Wednesday and said it supported a new management efficiency drive, sending shares in the German business software company to a record high.
* SAP strives to expand operating margins by 5 pp through 2023
FRANKFURT, April 22 Uniper should explore a deeper break-up to overcome antitrust hurdles that have prevented Finland's Fortum from taking full control of the German utility, activist investor Knight Vinke said on Monday.
OSLO, April 17 Nordic utilities Vattenfall and Fortum will provide a total of 110 megawatts (MW) of back up production capacity to offset power system disruptions, Sweden's power grid operator Svenska Kraftnat said on Wednesday.