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Fortum Set To Gain EU Antitrust Approval For Uniper Deal

(Reuters) Finnish utility Fortum (FORTUM.HE) is set to gain unconditional EU approval to acquire a 46.65 percent stake in German energy group Uniper (UN01.DE) from E.ON (EONGn.DE), three people familiar with the matter said on Monday. State-controlled Fortum’s bid has run into opposition from Uniper, which said that the combination would make little sense given its heavy exposure to gas and coal-fired power plants while Fortum’s focus is on clean technologies.

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