Uniper SE (UN01.DE)
24 Nov 2017
* Reductions part of 400 mln euro cost cut programme (Recasts to show most of the cuts are done, adds CEO quote)
FRANKFURT, Nov 22 German energy group Uniper is cutting a total of around 2,000 jobs, or 14 percent of its workforce, by the end of next year as part of a cost-cutting programme it announced a year ago, its finance chief told daily Rheinische Post.
FRANKFURT/DUESSELDORF German energy group Uniper rejected an 8.05 billion euro ($9.5 billion) takeover bid from Finland's Fortum on Tuesday but will hold talks as it seeks a higher offer and more commitments to the company's future.
FRANKFURT Finnish energy company Fortum's Chief Executive Pekka Lundmark had a good first meeting with the boss of takeover target Uniper , Klaus Schaefer, he told German magazine WirtschaftsWoche.
FRANKFURT, Nov 16 Finnish energy company Fortum's Chief Executive Pekka Lundmark had a good first meeting with the boss of takeover target Uniper, Klaus Schaefer, he told German magazine WirtschaftsWoche.
FRANKFURT, Nov 8 German utility E.ON hedged forward 94 percent of nuclear power production in 2018 and 62 percent of output in 2019 at its PreussenElektra subsidiary below current prices, slides released for analysts' and press calls on Wednesday showed.
FRANKFURT/HELSINKI Germany's E.ON might have to pay as much as 1.5 billion euros ($1.7 billion) if a deal to sell its stake in Uniper to Finnish power group Fortum falls through, raising the bar for any rival to enter the auction.
* Uniper 9-month adjusted EBIT down 24 pct (Recasts, adds Uniper CFO comments)
FRANKFURT, Nov 7 Uniper hedged forward over 80 percent of hydropower production in Germany for 2018, over 75 percent of 2019 and over 5 percent for 2020 output, slides released for an analyst call on Tuesday showed.
HELSINKI, Nov 7 Fortum Chief Executive Pekka Lundmark said on Tuesday the Finnish utility had no plans to raise its 8 billion euro ($9.3 billion) offer for Germany's Uniper.