BERLIN (Reuters) - The supervisory board of Uniper (DE:UN01) has recommended that shareholders reject calls to appoint a special auditor to probe possible breaches of duty by the group's management in relation to Fortum's proposed acquisition.
Cornwall Luxembourg S.a.r.l., a fund backed by activist investor Elliott has called for an investigation into the planned sale of E.ON's (DE:EONGn) remaining 46.65 percent stake to Fortum (HE:FORTUM).
"In our view, there is no reason to support the application for a special audit," Uniper Chairman Bernhard Reutersberg said in a statement on Wednesday.
"I am very satisfied with the work of our Management Board and have no reason to doubt the integrity of its actions."