Fortum made a tender offer for Uniper for $25.6 per share.

Fortum has published the offer document for the voluntary public takeover offer for the 47% of outstanding shares of Uniper following approval of the offer document by the German Federal Financial Supervisory Authority. Pursuant to the Offer, Uniper shareholders who tender their shares will receive the previously announced total value of EUR 22.00 per share in cash, which includes the value of an expected dividend from Uniper of EUR 0.69 per share for the fiscal year 2017. The total value represents a premium of 36% over the share price prior to intense market speculation regarding a potential transaction at the end of May 2017 and a premium of 120% over the initial trading price post spin-off of EUR 10.