February 5, 2019 / 9:55 PM / 2 years ago

Uniper, Fortum to start fresh talks on future cooperation

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

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