E.On has  completed the sale of its 46.65% stake in Uniper to Fortum. The European Commission and Russia’s  Antimonopoly Authority have both given merger control approvals and the transaction has now been completed and closed. In total, E.On received approximately €3.8 billion from the transaction.

In September 2017, Fortum and E.On signed an agreement under which E.On had the right to decide to tender its Uniper stake into Fortum’s voluntary public tender offer. E.On decided at the beginning of January 2018 to tender its shares.

Johannes Teyssen: “The sale of our remaining shares in Uniper to Fortum marks the end of a chapter in E.On’s history. .. We will become the leading provider of intelligent energy networks and modern customer solutions in Europe. The company of choice for 50 million customers.“