The Finnish energy group would buy the 46.65%-share and therefore publish a public takeover offer, with a cash payment of €22 per share, with no minimum threshold. Eon will most likely accept this offer by the beginning of 2018.
The German energy company can therefore expect a total amount of €3.8 billion for the sale of its Uniper shares. However, cartel and other regulatory approvals are still required for the takeover. Eon is currently working alongside authorities over legal matters which they say will soon be resolved. The Board of Directors at both companies will also have to approve the offer.
Uniper was founded after the Eon’s strategic realignment. The “new” Eon has been concentrating on the business fields of customer networks, solutions and renewable energies. The traditional energy business with fossil electricity and energy generation was outsourced to Uniper.
Popular content
(Translated from German)
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.