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Uniper SE: Takes a second look at Fortum

Uniper announced that the Chairman of the Supervisory Board, Bernhard Reutersberg, has reached an understanding with Fortum to initiate a fresh start to redefine the future partnership between the two companies. Fortum recently acquired 47 percent and is the largest shareholder in Uniper.

Fortum`s plan to establish a strategic business partnership with Uniper was not appreciated by Uniper´s management, which had its own strategic ambitions. As a consequence, discussions between the companies came to a standstill. The objective of the new initiative therefore is to determine, on the operational and strategic level, in which areas and how a partnership between the two companies adds value and to reach an understanding about this.

A working group, led on the Uniper side by the board members Keith Martin and Eckhardt Rümmler, will engage in discussions, without a predetermined outcome, about the areas the strategic partnership could encompass in order to create value for all shareholders.

At a meeting of the Uniper Supervisory Board's Executive Committee on February 5, 2019, the Committee and Uniper CEO Klaus Schäfer and Uniper CFO Christopher Delbrück mutually agreed on a termination of their respective employment contracts and their respective appointment as members of the Management Board with effect as of August 31, 2019.