Fortum has completed the divestment of Uniper
FORTUM CORPORATION STOCK EXCHANGE RELEASE 21 DECEMBER 2022 AT 17:00 EET
Release category: Other information disclosed according to the rules of the Exchange
Fortum has concluded the sale of its ownership in Uniper SE to the German State.
On 19 December 2022, the final agreements of the stabilisation package were signed between Fortum, the German State and Uniper and the Uniper Extraordinary General Meeting made the respective decisions. All required approvals for the completion of the stabilisation package, including the State Aid clearances from the European Commission, have now been obtained. Fortum’s representatives will also resign today from the Uniper Supervisory Board.
Today, Fortum has received the total consideration of the share transaction of approximately EUR 0.5 billion and Uniper has repaid the shareholder loan of EUR 4 billion granted by Fortum. Out of the EUR 4.0 billion parent company guarantee facility that Fortum has granted to Uniper, a total of EUR 3.0 billion will be released by year-end 2022. The remaining approximately EUR 1.0 billion, with a full German State back-to-back guarantee (indemnity), will be released latest at the end of June 2023.
Fortum Corporation
Ingela Ulfves
Vice President, Investor relations and Financial Communications
Further information:
Ingela Ulfves, Vice President, Investor Relations and Financial Communications, tel. +358 40 515 1531
Rauno Tiihonen, Manager, Investor Relations, tel. +358 10 453 6150
Carlo Beck, Manager, Investor Relations, tel. +49 172 751 2480
Distribution:
Nasdaq Helsinki
Main media
www.fortum.com
Fortum
Fortum is an energy company driving the change for a cleaner world. Our role is to ensure the security of supply and a fast and reliable transition to a carbon-neutral economy by providing customers and societies with clean energy and sustainable solutions. Fortum’s core operation are located in the Nordics and consist of CO2-free power generation, electricity sales, district heating as well as recycling and waste solutions. Fortum's share is listed on Nasdaq Helsinki. fortum.com
