BREAKING NEWS

Russia approves Fortum plan to increase stake in Uniper - anti-monopoly service

Russia approves Fortum plan to increase stake in Uniper - anti-monopoly service
FILE PHOTO: Finnish energy company Fortum sign is seen at their headquarters in Espoo, Finland July 17, 2018. REUTERS/Ints Kalnins -
Copyright
Ints Kalnins(Reuters)
Text size Aa Aa

MOSCOW (Reuters) – Russia approved Finnish utility Fortum’s <FORTUM.HE> plan to increase its stake in Germany’s Uniper <UN01.DE>, although the deal will only come into effect after legislative amendments, the head of Russia’s anti-monopoly service said on Thursday.

The deal would bring Fortum’s total stake to more than 70.5%. Its ownership of Uniper had been capped at 49.99% by Russian regulators due to a water licence operated by the German firm’s local subsidiary Unipro <UPRO.MM>.

(Reporting by Darya Korsunskaya; Writing by Alexander Marrow; Editing by Mark Potter)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.