A Quiet Year Ahead for Uniper, Says RBC -- Market Talk
18 January 2018 - 2:42PM
Dow Jones News
Uniper shares are likely to remain fairly quiet for the next
year following E.ON's announcement that it will tender its 47%
stake in the company to Fortum for EUR22 a share, RBC Capital
Markets says. Fortum still wants to build up a majority stake in
Uniper but if the Finnish company buys out any more shareholders
within 12 months it must offer the same terms to E.ON, the bank
says. Given that Uniper has been trading in the range of EUR24 to
EUR26 a share, RBC says Fortum will likely sit tight until the
clause expires. Uniper trades down 0.6% at EUR25.27. Fortum trades
1.3% higher at EUR18.02. (nathan.allen@dowjones.com)
(END) Dow Jones Newswires
January 18, 2018 09:27 ET (14:27 GMT)
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