FRANKFURT (Reuters) – Unipro, the Russian utility that majority owner Uniper is seeking to sell, still has a book value of between 1.7 billion to 2.2 billion euros ($1.7-$2.2 billion), Uniper Chief Executive Klaus-Dieter Maubach said.
This is much higher than Unipro’s current market value, which is at 82.91 billion roubles ($1.37 billion).
Uniper, which on Friday struck an amended nationalisation deal with the German government, earlier this year took impairment charges on Unipro, in which it owns a 83.7% stake.
($1 = 1.0088 euros)
($1 = 60.7000 roubles)