European energy’s biggest M&A impasse has an exit

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European energy’s biggest M&A impasse has an exit
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European energy’s biggest M&A impasse has an exit gfhay

Activist investor Knight Vinke has called for Uniper to explore a more radical breakup to overcome antitrust hurdles that have prevented Finland’s Fortum from taking full control of the German utility.

State-backed Fortum has since 2018 accumulated a 49.9 percent stake in Uniper. As things stand, Russian authorities would, however, resist any attempt by Fortum to increase its holding in Uniper, because Unipro owns a licence for testing water in Russia that is deemed strategic. Moscow will not currently allow strategic assets to be majority-owned by a company controlled by a foreign government.

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