Renewable Energy

Elliott withdraws domination agreement request at Uniper AGM

Credit: REUTERS/THILO SCHMUELGEN

Activist fund Elliott, Uniper's No.2 shareholder, on Tuesday said it had decided to withdraw a motion that could have forced the German energy group to enter talks over a so-called domination agreement with top investor Fortum.

FRANKFURT, May 21 (Reuters) - Activist fund Elliott, Uniper's UN01.DE No.2 shareholder, on Tuesday said it had decided to withdraw a motion that could have forced the German energy group to enter talks over a so-called domination agreement with top investor Fortum FORTUM.HE.

It gave no reason for the move.

Shares in Uniper, which have gained in recent months on hopes that Fortum could gain full control over the group, fell4 percent.

(Reporting by Christoph Steitz Editing by Tassilo Hummel)

((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; Reuters Messaging: christoph.steitz.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More