Finnish pensions investor thinks nationalization of embattled Fortum subsidiary could work

President & CEO of Finnish pensions giant Varma Risto Murto comments on the potential future for Uniper, which is on the brink of bankruptcy.

President & CEO of Varma Risto Murto. | Photo: PR

From the perspective of a Fortum shareholder, the nationalization of its subsidiary Uniper could be an attractive solution to its current crisis, says Risto Murto, President and CEO of pensions giant Varma. Varma is the second-largest shareholder in Finnish energy company Fortum, which owns Uniper.

The recent increase in gas prices has forced Uniper, Germany’s largest importer of gas, to the brink of bankruptcy. The company’s future is now under consideration and nationalization is one of the possible solutions. According to Uniper, the German state is considering increasing its ownership in the company to 50%.

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