Tag: Uniper
Dödlig rysk missil attack slår mot ukrainska museet
En rysk missil träffade på tisdagen en museibyggnad i den ukrainska staden Kupiansk, i Charkiv-regionen, och dödade minst två personer, skadade ett tiotal personer och begravde andra under spillrorna. Ukrainas president Volodymyr Zelensky fördömde Moskvas “barbariska metoder” och sa att Ryssland försökte radera Ukrainas historia och kultur. Läs vår liveblogg för att se hur alla…
Suomen Fortum is re-examining management incentives rejected by the state owner
The rejection of the general meeting is not binding, and the final decision on remuneration is made by the board of directors. “I will add the issue to the board’s agenda without delay” Mikael SilvennoinenThe chairman of the board of Fortum promised press release published on Saturday. “The shareholders’ opposition at the general meeting and…
Fortum signed the final Uniper sales agreement
The German state will pay Fortum approximately EUR 500 million for its majority stake in the gas company Uniper.
Fortum announced a profit of 421 million euros amid the turmoil in the energy market
The rise in electricity prices led to a strong quarter for Fortum, but the losses caused by Uniper’s ordeal were not reflected in the numbers.
Climate summary: Could Denmark soon have a new Swedish nuclear power plant as a neighbour?
Plans to build a new nuclear power plant near the decommissioned Barsebäck nuclear power plant are taking shape in Skåne in southern Sweden – an area just over 20 km across the Øresund from Copenhagen. For decades, the Danish government tirelessly campaigned for its closure due to its proximity to Denmark. But now it appears…
The opposition parties challenge the government’s energy policy, vote of confidence on Friday
The prime minister came under fire because he did not interrupt his summer vacation to resolve the Uniper crisis, among other things.
The Finnish government responds to the interpellation regarding energy policy
“We are facing an energy crisis, and you, the government, are not on top of the situation.” Riikka PurraChairman of Basic Finns, According to Helsingin Sanomat. Purra criticizes the government in particular for building its energy policy on wind power: “I wonder if the vision is that every night employees should look at the wind…
Uutissuomalainen: The Minister of Finance invited Uniper to a meeting, the Prime Minister did not attend
According to the media, Finance Minister Annika Saarikko (Cen) proposed a board meeting in July to discuss the problems of Fortum’s subsidiary, but the meeting was not organized.
On screens in August • Familiar ring: evidence that hasn’t changed much in a decade
Not much has changed substantively over the past decade. Just take a look at the line-up that greeted viewers in 2012 and compare it to the class of 2022. The only difference is that the blockbusters are headed straight for our homes. Same shit, different decade First we had The Hobbit, the first serious Middle…
Fortum’s subsidiary Uniper’s net loss for the first half of 2022 was 12 billion euros
According to IFRS (International Financial Reporting Standards), Uniper, the German subsidiary of the majority-owned Finnish energy company Fortum, has reported a net loss of more than 12 billion euros for the first half of 2022. The company said in a press release published on Wednesday that the collapse in results was mainly due to the…
The new ban can significantly slow down Fortum’s withdrawal from Russia
President of Russia Vladimir Putin signed a declaration last Friday that can prevent the sale of Finnish energy company Fortum’s Russian operations for a long time. The decree prohibits communities "unfriendly countries" trading in shares of companies operating in the Russian financial or energy sector. In practice, it temporarily prevents the sale of companies Jaana…
YLE: The support of the coalition is still exceptionally high
“Kokooma’s support is still at an exceptionally high level,” he summed up Tuomo TurjaResearch Director of Economic Studies. He noted that the party has recently polled at a level not seen since the 2011 parliamentary elections, which marked a shift from a political landscape dominated by three parties to one dominated by four medium-sized parties.…
Yle’s survey: NCP again in the lead, the center loses to SDP and Perussuomalai
The main opposition party (NCP) was still the most popular party in Finland last month with a 23.4 percent position, according to Yle’s monthly survey published on Thursday. Tuomo TurjaThe director of economic research told Yle that the party’s support is still there "unusually high" in July, noting that the last time a similar number…
The share prices of Fortum and Uniper continue to fall due to the rescue package news
Energy company Fortum’s share price continued to fall on Monday after the opening of the Helsinki Stock Exchange. The stock fell about seven percent in afternoon trade. The share of Fortum’s German subsidiary Uniper, meanwhile, was down more than nine percent on the Frankfurt stock exchange. The share prices of the two companies fell on…
Tuppurainen: The agreement on the stabilization of Uniper is the best possible
Fortum on Friday was revealed that the nearly 15 billion euro stability package consists of three core parts. The German state will take a 30 percent stake in the troubled energy company by subscribing to approximately 157 million new shares with a nominal value of 1.7 euros per share. Germany also promised to provide the…
Fortum: Germany buys 30% of Uniper
Finnish state energy company Fortum confirmed on Friday that it has agreed in principle to a deal in which Germany will bail out its subsidiary Uniper, Germany’s largest natural gas producer. Uniper has been struggling for months due to sanctions imposed on Russia and price increases for gas from other sources. To keep the company…
UPM makes record results, Nokia and Wärtsilä are also strong
More large Finnish companies announced brisk second quarter sales on Thursday. The comparable operating profit of Nokia, which manufactures wireless and fixed network equipment, was 714 million euros in April-June, compared to 682 million euros in the same period last year. Turnover rose to 5.87 billion euros in the second quarter, compared to 5.31 billion…
Media: Germany accepts Uniper’s rescue package
According to various media, the negotiations regarding the German energy company Uniper, which is a subsidiary of the majority-owned energy company Fortum of the Finnish state, which is in financial difficulties, are approaching a solution. The Finnish government, the German government, Uniper and Fortum have been involved in negotiations and discussions about possible rescue solutions…
Fortum will not invest more capital in Uniper, Finland’s central goal, Tuppurainen says
Tuppurainen spoke to the media in connection with his hearing that lasted more than two hours in the parliament’s trade committee. He did not comment on how the negotiations have progressed and what a possible agreement might look like, and reiterated that the negotiations are still at a sensitive stage. He added that committee members…
The Board of Trade asks Tuppurai about the Uniper crisis
Finland’s Minister of Ownership Titti Tuppurainen (SDP) arrived in front of the parliament’s trade committee on Tuesday afternoon to discuss the ongoing negotiations with Germany regarding the financially troubled German gas importer Uniper. Fortum, which is majority-owned by the Finnish state, acquired the majority of the German energy giant in 2019. Currently, Fortum owns 78…
The Finnish-German discussions about Uniper are still at a sensitive stage, Tuppurainen says
He added that the situation will be analyzed with the authorities of the owner control department later on Monday. The Finnish government is involved in the negotiations because it has a 51 percent ownership stake in Fortum. Fortum, on the other hand, owns 78 percent of Uniper’s shares. Saving the ailing energy company could thus…
The Trade Committee meets to discuss the Uniper crisis, Purra demands the entire parliament to meet again
Chairman of the Finnish opposition Riikka Purra has called on the parliament to reconvene so that the ministers can explain the risks related to Uniper to Finnish taxpayers. The German energy giant, which is in financial difficulties, is a subsidiary of Fortum, which is majority owned by the Finnish state. "Parliament must be convened quickly.…
YLE: Finland and Germany cannot agree on the fate of Uniper
“The discussions are in an intense and sensitive phase. The discussions have been good and constructive, but there is still a lot of work,” he commented to the Berlin Broadcasting Company. Uniper said last week that it is leaking tens of millions of euros a day because it has had to purchase natural gas from…
Finnish minister to negotiate with Germany over Uniper
Finland’s Minister of Ownership Steering Titti Tuppurainen (SDP) will travel to Berlin on Thursday over Uniper’s financial difficulties. Tuppurainen is set to meet with German government officials and executives of Fortum and Uniper. Uniper is a subsidiary of the majority-state-owned Finnish energy firm Fortum. Uniper Filed for support from the German government, as it is…
Finland’s Minister of Ownership is lukewarm about Uniper’s capitalization
Fluffy argued to STT on Sunday that Fortum has shown its commitment to helping the subsidiary survive the natural gas crisis by granting it an eight billion euro credit line, which consists of both a shareholder loan and parent company guarantees. “However, as the majority owner of Fortum, we do not understand how it would…
The German minister asks Fortum to help save the struggling subsidiary
German Minister of Economy Robert Habeck has criticized the handling of the problems of the Finnish energy company Fortum’s German subsidiary Uniper. In an interview for a German radio station Deutschlandfunk On Saturday, Habeck added that Fortum should participate in the ousting of the struggling gas company. "It [Uniper] belongs to someone, someone who is…
Energy company Fortum’s subsidiary Uniper applies for state support from Germany
Uniper, a subsidiary of the majority state-owned Finnish energy company Fortum, has applied for support from the German government in accordance with the recently approved energy legislation. Uniper is Germany’s largest gas importer, but it has run into financial difficulties due to restrictions on Russian gas exports. The company said in its press release that…
Fortum’s planning "supervised exit" From Russia
Finland’s largest energy company, the state-majority Fortum, is preparing to withdraw from Russia in a controlled manner, and the company’s primary option is to sell the company’s Russian operations, the press release said. Markus Rauramomanaging director. The sale of Fortum’s Russian subsidiary Unipro, which was halted due to Russia’s invasion of Ukraine, is expected to…
Greenpeace activists hung an anti-war flag at the headquarters of the power company Fortum
Greenpeace activists climbed on Wednesday at the energy company’s Fortum headquarters in Espoo to hang a flag urging the state-owned company to end business relations with Russia. The company’s subsidiary, German Uniper, is one of the largest importers of Russian gas to Europe. Fortum, which is almost 51% owned by the Finnish state, is by…
Fortum writes off EUR 2.1 billion in operating losses in Russia
Finland’s largest energy company Fortum will record losses of more than two billion euros from its operations in Russia during the first three months of this year. According to the company, the losses are due to Russia’s invasion of Ukraine, geopolitical tensions, uncertainty and increased risks. The state-owned state-owned energy company said on Tuesday it…
Finland does not agree with the gas payment terms set by Russia, Tuppurainen reiterates
Helsingin sanomat newspaper reported yesterday that the stock could lead to a suspension of natural gas supplies due to non-compliance with the payment terms when the next tranche matures, as happened earlier this week for Bulgaria and Poland. Russia has been demanding since the beginning of the month that buyers of natural gas from “unfriendly…
Fortum confirms its subsidiary Uniper to use the new payment system for Russian gas
The state-owned energy company Fortum has responded to a report that its German subsidiary Uniper believes it is possible to start paying in rubles for natural gas purchased from Russia. According to Fortum, Uniper will continue to pay for Russian gas in euros. The Financial Times said on Thursday that several European energy companies are…