E.ON completes sale of 46.65% stake in Uniper to Fortum
Germany: German electric utility company E.ON has completed the sale of its 46.65% stake in the energy company Uniper to Fortum for €3.8 billion ($4.4 billion).
Germany: German electric utility company E.ON has completed the sale of its 46.65% stake in the energy company Uniper to Fortum for €3.8 billion ($4.4 billion).
While Swedish media recently reported on the activist shareholder Cevian wanting to break up ABB’s Power Grids business and sell it in parts to strategic buyers, in today’s (4 October) update of strategic review, ABB leadership has revealed it will continue the transformation of Power Grids under ABB ownership.
As ABB’s Annual General Meeting was held yesterday, few shareholders had a full picture of the giant businesses, according to the Swedish magazine Dagens industry.