E.ON completes sale of Uniper stake and writes a new chapter for the future
Today E.ON SE successfully completed the sale of its 46.65 percent stake in Uniper SE to Fortum Corporation. All conditions for the completion of the voluntary public takeover offer have been met – with the European Commission and the Russian Antimonopoly Authority having given merger control approvals – the transaction has now been completed and closed. In total, E.ON received approximately €3.8 billion from the transaction for its remaining shares in Uniper.
Johannes Teyssen: “The sale of our remaining shares in Uniper to Fortum marks the end of a chapter in E.ON's history. We wish Uniper – and thus our former colleagues – every success for the future. 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. The company of choice for 50 million customers.“
In September 2017, Fortum and E.ON signed an agreement under which E.ON had the right to decide to tender its Uniper stake into Fortum's voluntary public tender offer. E.ON decided at the beginning of January 2018 to tender its shares.
Uniper was spun off from E.ON in 2016. 53.35 percent of all Uniper shares were transferred directly to the portfolios of E.ON shareholders. Fortum is a leading energy company headquartered in Finland.
This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.