E.ON completes €3.8bn Uniper sale to Fortum

It follows approval from the European Commission and the Russian Antimonopoly Authority

The Big Zero report

German utility E.ON has completed the sale of its 46.65% stake in its former fossil fuel generation arm to a Finnish company.

It follows the European Commission and the Russian Antimonopoly Authority’s approval of the takeover by Fortum.

E.ON received €3.8 billion (£3.3bn) for its remaining shares in Uniper.

Johannes Teyssen, Chief Executive of E.ON said: “The sale of our remaining shares in Uniper to Fortum marks the end of a chapter in E.ON’s history.

“At the same time, E.ON is already writing a new, groundbreaking chapter for the future. We will become the leading provider of intelligent energy networks and modern customer solutions in Europe.”

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