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Finland's Fortum says prepares $4.5 billion bid for E.ON's Uniper stake

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Finland's Fortum says prepares $4.5 billion bid for E.ON's Uniper stake

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HELSINKI (Reuters) – Finland’s largest utility Fortum <FORTUM.HE> is in advance talks to buy German utility E.ON’s <EONGn.DE> 46.7 percent stake in nuclear and fossil energy group Uniper <UN01.DE> for 3.76 billion euros (£3.33 billion), the companies said on Wednesday. Fortum is preparing to make a voluntary offer of 22 euros ($26) per share to all Uniper shareholders in early 2018, it said in a statement. Shares in Fortum rose 5 percent while those in Uniper and E.ON were up 4.3 percent and 2.4 percent, respectively.

(Reporting by Tuomas Forsell, editing by Jussi Rosendahl)
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