September 20, 2017 / 1:35 PM / 5 months ago

Uniper says Fortum bid not welcome, not in discussions

FRANKFURT (Reuters) - German energy company Uniper (UN01.DE), whose biggest shareholder is E.ON (EONGn.DE), on Wednesday said it had not invited a bid by Finnish state-controlled peer Fortum (FORTUM.HE).

“This unsolicited takeover offer is clearly not in line with the strategy of Uniper as recently reiterated publicly,” Uniper chief executive Klaus Schaefer said in a statement.

    Uniper said it was not in discussions with Fortum or E.ON about the matter.

    Separately, Fortum CEO Pekka Lundmark in a call with reporters said the move was “not a takeover but an investment.”

    (The story corrects to show E.ON is biggest shareholder in Uniper, not majority owner. Fixes spelling of Fortum in first reference.)

    Reporting by Vera Eckert; Editing by Arno Schuetze and Tom Pfeiffer

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