(Reuters) Hedge Fund firm Knight Vinke has increased its holding in Germany’s Uniper (UN01.DE) to 5.02 percent, adding it would not tender that stake to Finland’s Fortum (FORTUM.HE) as part of a 8.05 billion euro ($9.5 billion) takeover offer.
Knight Vinke’s increased investment comes a day after Elliott Management said it had raised its holding in Uniper to 7.38 percent. Elliott has not said how it will respond to the takeover offer. Knight Vinke, which has been a shareholder since September 2016, said it was not acting in concert with any other shareholder.
