May 15, 2018 / 8:22 PM / 2 years ago

ISS recommends not to back call for special auditor at Uniper

FRANKFURT/DUESSELDORF, May 15 (Reuters) - Shareholder advisory and proxy voting firm ISS is recommending that investors in Uniper do not back a proposal to appoint a special auditor at the group’s annual general meeting, it said in a note to clients.

The proposal, filed by Cornwall Luxembourg S.a.r.l., a fund backed by activist investor Elliott, is aimed at investigating whether Uniper’s management worked against the planned sale of a 46.65 percent stake held by E.ON to Finnish peer Fortum. (Reporting by Christoph Steitz and Tom Kaeckenhoff; Editing by Douglas Busvine)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below