Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Fortum : The end of the nightmare

>Agreement on the full divestment of Uniper to the German state - Fortum, Uniper and the German government yesterday signed an agreement in principle for a long-term solution which should enable the German stake to take full control of Uniper in order to secure energy supplies to Germany. This agreement will replace the initial agreement, signed in July, to stabilise Uniper (cf. DUNE of 25 July 2022). The previously agreed stabilisation measures are now insufficient ...
Underlying
Fortum Oyj

Fortum is an energy company. Co.'s operations are organised in five divisions: Hydro Power and Technology and Nuclear and Thermal Power, which are engaged in its hydro, nuclear and thermal power generation, services, portfolio management and trading as well as technology and research and development functions; Heat, Electricity Sales and Solutions, which consists of Co.'s combined heat and power production, district heating and business-to-business heating solutions, solar business, electricity sales and related customer offering; Russia, which consists of power and heat generation as well as heat distribution in Russia; and Distribution, which focuses on distribution activities in Sweden.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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