Germany’s E.ON Puts Fate Of Uniper Management In Fortum’s Hands

(Reuters) A vote that could have triggered a probe into whether managers of German energy company Uniper (UN01.DE) tried to block the sale of a 47 percent stake to Finland’s Fortum (FORTUM.HE) was postponed on Wednesday in line with a proposal by Uniper’s biggest shareholder E.ON (EONGn.DE). Cornwall (Luxembourg) S.a.r.l., a fund backed by U.S. activist investor Elliott which filed the motion to appoint a special auditor, agreed to the delay, one of its representatives told Uniper’s annual general meeting, where shareholders had been due to vote on the motion.

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