Merger Case M.8660 | Acquisition of Uniper by Fortum

Author (Corporate)
Publication Date 15/06/2018
Content Type

Summary:

The European Commission approved unconditionally on 15 June 2018 under the EU Merger Regulation the acquisition of Uniper by Fortum. It concluded that the transaction would raise no competition concerns.

Further information:

Fortum and Uniper are both companies active in the energy sector. During its investigation, the Commission received feedback from a number of competitors and customers of Fortum and Uniper, as well as regulators, grid operators and energy exchanges.

The transaction was notified to the Commission on 7 May 2018. Fortum is based in Finland, while Uniper is based in Germany.

Source Link http://ec.europa.eu/competition/elojade/isef/case_details.cfm?proc_code=2_M_8660
Related Links
European Commission: Press Release, 15.06.18: Commission approves the acquisition of Uniper by Fortum http://europa.eu/rapid/press-release_IP-18-4187_en.htm
Reuters, 19.07.18: Fortum to seek fresh start with Uniper: CEO https://www.reuters.com/article/idUSKBN1K91K3
Fortum: News, 26.06.18: Fortum closes Public Takeover Offer on Uniper https://www.fortum.com/media/2018/06/fortum-closes-public-takeover-offer-uniper
Bloomberg, 28.04.18: Fortum Wins Russian Approval to Buy $4.5 Billion Stake in Uniper https://www.bloomberg.com/news/articles/2018-04-28/fortum-wins-russian-approval-to-buy-4-5-billion-stake-in-uniper
Helsinki Times, 01.05.18: Fortum takes major step towards acquiring Uniper http://www.helsinkitimes.fi/business/15501-fortum-takes-major-step-towards-acquiring-uniper.html
Handelsblatt, 18.05.18: Uniper faces probe over Fortum takeover bid https://global.handelsblatt.com/companies/hedge-funds-probe-uniper-fortum-takeover-923647

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