Fortum CEO Says No Plans for Uniper Disposals

The transcript discusses the regulatory approval process for a business takeover, focusing on the timeline for receiving feedback from BUFFIN, the German regulator. The company plans to engage in dialogue with CEO Klaus Schafer after submitting offer documentation. The focus is on acquiring a 47% stake in EON, with no plans for asset disposals. Regulatory approvals are needed in the EU, Russia, and the US, with cooperation ongoing. The future of energy investments is discussed, emphasizing a diverse portfolio beyond coal and commitment to emission standards.

What is the expected timeline for launching the offer after receiving regulatory approval?

• Early January

• Early November

• Late December

• Mid October

What is the company's plan regarding asset disposals?

• They will sell all assets

• They have no plans for asset disposals

• They are in discussions with third parties

• They plan to dispose of some assets

Which regions require regulatory approval for the takeover?

• Only Russia

• European Union, Russia, and the United States

• Only the European Union

• Only the United States

How does the company view the future of coal energy?

• They are committed to emission standards and phasing out coal

• They plan to increase coal production

• They believe coal will remain a primary energy source

• They are confident coal will be phased out quickly

What percentage of the portfolio is CO2-free hydro production?

• 70%

• 50%

• 90%

• 30%