Fortum-Uniper's bet on Europe gas dependence proves poor strategy
When Fortum, the Finnish state-owned energy company known for its Nordic hydro and nuclear power generation, launched its acquisition of Uniper—the German fossil-focused energy company spun out of E.ON—the transaction created one of the largest energy producers in Europe. The narrative since has been that the proverbial green knight Fortum would help Uniper clean up its act, and together they would become one of Europe’s leading clean energy companies.
Source: ieefa.org