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Fortum Faces Dilution of Uniper Stake to 56% Following Bailout

  • Finnish utility to remain Uniper’s majority shareholder
  • Fortum climbs most since 2008 as Uniper rescue unveiled
The headquarters of Fortum Oyj in Espoo, Finland.

The headquarters of Fortum Oyj in Espoo, Finland.

Photographer: Ville Mannikko/Bloomberg
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Fortum Oyj, the main owner of Uniper SE, agreed on the dilution of its stake to 56% from about 80% as part of the bailout for the German utility.

The Finnish energy company will remain Uniper’s majority shareholder and will continue to consolidate it as a subsidiary, Espoo-based Fortum said in a statement Friday. It made no new capital injection into the German firm.