Fortum receives merger clearance for Uniper investment in the EU and Russia
FORTUM CORPORATION STOCK EXCHANGE RELEASE 15 JUNE 2018 AT 17.15 EEST
Fortum has today received an unconditional merger clearance decision from the European Commission under the EU Merger Regulation for the company’s investment in Uniper. In its decision, the Commission concluded the transaction would raise no competition concerns in the EU.
Fortum has also today received a merger clearance decision from the Russian Federal Antimonopoly Service (FAS) for up to 50% of shares and voting rights in Uniper. According to the FAS decision, Fortum shall commit not to make unjustified price increases on the wholesale electricity market. Fortum does not expect this obligation to have any material impact on its operations.
All the offer conditions of Fortum’s Public Takeover Offer (PTO) on Uniper have now been satisfied and Fortum can proceed with the closing of the PTO, which will take place latest on 27 June 2018.
Vice President, Investor Relations and Financial Communications
Investors and analysts:
Ingela Ulfves, VP, IR and Financial Communications tel. +358 40 515 1531
Måns Holmberg, Manager, IR and Financial Communications tel. +358 44 518 1518
Rauno Tiihonen, Manager, Investor Relations, tel. +358 10 453 6150
Pauliina Vuosio, VP, Communications, Project Office tel. +358 50 453 2383
Christian Weyand, Brunswick Group, tel. +49 172 617 1677
Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 9,000 professionals in the Nordic and Baltic countries, Russia, Poland and India. In 2017, our sales were EUR 4.5 billion and 61% of our electricity generation was CO2 free. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com