EU approves Fortum’s purchase of German energy firm Uniper

Its investigation found the transaction would raise no competition concerns in the European Economic Area

UK water firm rejects new £5bn takeover bid

Water company Severn Trent has rejected a higher takeover offer worth around £5 billion from a group of international investors. In a statement, the supplier said LongRiver’s interest “fails to reflect the significant long term value” of the company “or to recognise its future potential”. The news follows a previous rejection worth around £4.96 billion […]