UNPRF - Fortum Oyj: Pending Uniper Buyout A Positive But Near-Term Outlook Remains Cautious
- Fortum Oyj inches closer toward a full buyout of German utility, Uniper.
- While a 100% acquisition should unlock synergies, balance sheet constraints remain a hurdle.
- With plenty of near-term headwinds ahead, I am cautious on the shares.
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Fortum Oyj: Pending Uniper Buyout A Positive, But Near-Term Outlook Remains Cautious