Fortum Increases Stake in Uniper to 73.4%


writer icon Emma Egelund     Uniper   |   Investment     🕐 13. May. 2020

On the outskirts of Helsinki in Espoo, the Finnish based energy company Fortum Oyj closed the second part of a deal to acquire Uniper SE.

The second round was closed on May 8th.

The Shares
The deal to acquire shares in the German power producer, Uniper SE, led to Fortum Oyj now owning 73.4 percent shares.

In this second part of the transaction, Fortum acquired a 3.84 percent stake in Uniper from Elliott Management Corp and its affiliates.

Value Increase
Fortum increased its total investment in Uniper to approximately EUR 6.5 billion.

The first round of the transaction closed on March 26.

Fortum entered an agreement in October 2019 to acquire the additional stake in Uniper from Elliot Management, its affiliates, and Knight Vinke Energy Advisors Ltd and its affiliates.

Fortum has been doing well for years and, next to its acquisitions, owns Recharge which is the largest CPO in the Nordics.

Hereby owning close to 1 300 public charging points and operating an additional 1 400 charging points in Norway, Finland, Sweden collectively.

Business Continues
Fortum will continue to offer its leading mobility services for digital public charging, as well as home and destination charging services under its Charge&Drive and Plugsurfing brands.

Fortum further continues to offer software as a service (SaaS) for operating electrical vehicles (EV) charging infrastructure networks and customer interfaces to other CPOs.

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