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Uniper signs deal on Unipro sale, awaits approval of Russian regulators

The energy concern Uniper owns 83.73% of the shares of the Russian generating company Unipro

MOSCOW, November 30. /TASS/. German concern Uniper signed an agreement on the sale of its Russian division, generating company Unipro, back in September 2022 and is awaiting approval from Russian regulators, the company reported on Wednesday.

"We took all the steps possible to divest Unipro. In September, we even signed a deal, but since then it is still subject to the Russian regulatory authorities with an uncertain outcome. With a divestment not being under our control, we have taken far-reaching steps to fully separate our business outside Russia from the Russian activities and the associated risks, even without a sale, as far as is possible under the current circumstances," Uniper CEO Klaus-Dieter Maubach was quoted in the statement.

Earlier Finnish Fortum announced its withdrawal from the Russian market, with a potential sale of assets in Russia considered as a priority way of implementing this decision. The energy company added that the exit of Uniper (78% owned by Fortum) from its Russian subsidiary Unipro will be resumed when such an opportunity arises.

The energy concern Uniper owns 83.73% of the shares of the Russian generating company Unipro. It includes five thermal power plants with a total capacity of 11,235 MW.