Fortum came out today with a plan to buy a significant piece of Uniper. This is a decent speculation possibility which I decided to use. I sold all my 300 shares for 17,20 EUR per share with intention to buy those back once there’s more clarity and I fully understand how this fits into Fortum’s strategy. In my opinion there are plenty of unknowns here and it’s very much possible that we will see big swings presenting buyback possibilities with reduced price. In short term this also reduces the portfolio debt significantly which is a plus.
Link: Bloomberg