HELSINKI (Reuters) - Finnish utility Fortum (HE:FORTUM) said on Monday it had secured the postponed clearance for its planned investment in Germany's Uniper (DE:UN01) from the Russian Federal Antimonopoly Service.
The process had been postponed due to legislative changes in Moscow. The deal still requires a second Russian merger clearance as well as one from the EU, both of which are expected during the summer, Fortum said.
Fortum has agreed to buy a stake of up to 50 percent in Uniper. Both companies have large operations in Russia and Moscow's approval is considered as the key step in getting the deal done.