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Company News

Fortum raises stake in Uniper to more than 75%

FRANKFURT, Aug 18 (Reuters) - Fortum has raised its stake in German peer Uniper to 75.01%, Uniper said on Tuesday, enough to implement a domination agreement which would give the Finnish energy firm access to all finances and cash flow.

Fortum, which had previously held 73.4%, has ruled out any domination or profit and loss transfer agreement or squeeze-out of Uniper’s minority shareholders until the end of 2021.

Uniper shares were up 1.5% at 1016 GMT. (Reporting by Christoph Steitz; editing by Thomas Seythal)

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