Finland's Fortum Cuts $2.5B Deal For Control Of Uniper

Law360 (October 8, 2019, 6:23 PM EDT) -- Finnish utility provider Fortum Oyj has agreed to buy a crop of shares in Uniper SE from two investment firms for approximately €2.3 billion ($2.5 billion) in a deal that gives it a majority stake in the German energy company, Fortum said Tuesday.

Fortum said it will acquire all shares of Uniper held by funds managed by Elliott Management Corp. and its affiliates and Knight Vinke Energy Advisors Ltd., amounting to about 20.5% of Uniper shares. The deal gives Fortum a more than 70.5% interest in Uniper and brings the company's total investment up to €6.2 billion.

"We see an ideal...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS