E.On sells Uniper shares to Fortum

Finland-based Fortum will buy German energy company E.On’s 46.65% stake in Uniper, Fortum said in a statement on Monday.

Members of the E.On management board will also sell their privately held shares to Fortum.

"We welcome E.On’s decision to accept our offer, which we believe is a fair reflection of Uniper’s value and performance since its spinoff from E.On. I am convinced that investment in Uniper will deliver an attractive return and support us in accelerating the transition to a clean and secure energy future,"...