The Latest Breaking News from Fortum

A Sub-20 P/E on GOOGL? The Market May Be Missing Something

Alphabet shares rose after its P/E fell near 17.5, a discount to the S&P 500, while a 22-year nuclear power deal with Fortum and Buy-rated analyst support point to long-term strength.

MarketBeat · Sep 15

Meet the data center capital of Europe as Google joins Microsoft and TikTok in betting over $30.2 billion on Finland

Major “hyperscalers” are making their way across the pond to build foundations in Europe’s newest data center host.

Fortune · Sep 10

UK becomes first country to supply Ukraine with long-range missiles

Britain on Thursday became the first country to begin supplying Ukraine with long-range cruise missiles, which will allow Kyiv's forces to hit Russian troops and supply dumps deep behind the front lines. The development comes as Ukraine's President Volodymyr Zelensky said his country’s military needed more time to prepare an…

France 24 · May 11, 2023

Germany to nationalise embattled gas giant Uniper as energy crisis looms

The German government has agreed to nationalise the embattled gas giant Uniper, which ran into financial problems after the curtailment of Russian supplies.

The Independent UK · Sep 21, 2022

Germany takes over Uniper, raising rescue bill to $29 billion

Germany on Wednesday agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how much Europe's top economy has relied on Russian fuel.

Reuters · Sep 21, 2022

Power generator Uniper nationalised by German government as stabilisation measure over energy crisis

Gas-focused business with major UK assets has been hit by hikes and impact of Russia's Ukrainian invasion - no plans to sell off

Birmingham Post · Sep 21, 2022

Germany nationalises biggest gas importer to avert supply crisis

Deal includes €8bn cash injection for Uniper, which had been controlled by Finnish energy group Fortum

The Guardian - UK · Sep 21, 2022

Germany nationalizes country's biggest gas importer Uniper

The German government has agreed to nationalize the country’s biggest gas importing company, Uniper, expanding state intervention in the industry to prevent an energy shortgage resulting from Russia’s war in Ukraine

The Independent UK · Sep 21, 2022

Germany to nationalize gas giant Uniper in historic bailout

The German government is planning to inject about 8 billion euros ($8 billion) into Uniper SE as part of a historic agreement to nationalize the gas giant and stave off a collapse of the country’s energy sector.

The Times of India · Sep 20, 2022

Germany working on nationalisation of three major gas companies in historic bid

GERMANY is reportedly in advanced talks to nationalise three large gas importers in a bid to prevent the collapse of its energy market.

The National (Scotland) · Sep 16, 2022