Federal Republic of Germany to acquire the remaining 56% stake in Uniper from Fortum for $8.5bn.

Federal Republic of Germany agreed to acquire the remaining 56% stake in Uniper, a Germany-based energy generation and energy trading company, from Fortum, an energy company focusing on production of electricity, district heating, district cooling and electricity sales, for $8.5bn. “Today's agreement provides clarity on the ownership structure, allows us to continue our business and to fulfil our role as a system-critical energy supplier. This secures the energy supply for companies, municipal utilities, and consumers. The amendment of the stabilization package announced in July was necessary against the backdrop of the further intensification of the energy crisis. At Uniper, we are aware of our responsibility for Germany and Europe. We are committed to overcoming this crisis and restructuring the energy supply in this country," Klaus-Dieter Maubach, Uniper CEO.