FRANKFURT (Reuters) - German energy group Uniper will kick off fresh talks with major shareholder Fortum, hoping to break a deadlock that has led to growing frustration for the Finnish company.
“The status quo can’t continue. Too much is at stake - both for companies, for our employees and also for the energy industry as a whole,” Uniper Supervisory Board Chairman Bernhard Reutersberg said in a statement.
Earlier, Uniper said its CEO and CFO, which had both been opposed to previous takeover attempts by Fortum, would step down at the end of August.
Reporting by Christoph Steitz; editing by Chris Reese