{"title": "Tuppurainen and the Fortum–Uniper Negotiations | Sami Miettinen | Negotiator 146", "titleOriginal": "Tuppurainen Fortum-Uniper neuvottelut | Sami Miettinen | Neuvottelija 146", "episodeNumber": "146", "guest": "Sami Miettinen", "publishedAt": "2022-07-26", "duration": "19:46", "durationIso": "PT19M46S", "youtube": "https://www.youtube.com/watch?v=JLJgmAvnjN0", "fiCanonical": "https://www.neuvottelija.fi/fi/episodes/200-tuppurainen-fortum-uniper-neuvottelut-sami-miettinen-neuvott", "originalLanguage": "fi", "format": "full", "topics": ["negotiation", "ownership_capital_tax"], "description": "Viewers voted for the subject, and Sami Miettinen takes the Uniper rescue package negotiated between Fortum, the Finnish government and the German state apart through a negotiator's eyes. Fortum's share fell twenty per cent in a couple of days, so the question is why a company majority-owned by the Finnish state lost so much value and whether a different outcome was available. The episode works through whose side the clock was ticking on, what hidden cards Fortum actually held, and why KfW's nine billion in loans rank ahead of Fortum's eight billion in receivables.", "chapters": [], "sourceTranscriptType": "none", "subtitleMethod": "none", "provenance": "Owner page assembled from YouTube metadata and the neuvottelija.fi episode record. The publisher published no chapter marks for this episode, so none are listed here. No transcript is published either — the channel has no English caption track for this episode and the Finnish one is YouTube's automatic track. This is a solo episode: the host is the only speaker, and the analysis is his reading of a negotiation he was not party to, based on what was public in July 2022. The arrangement changed substantially after this recording, so the episode is a snapshot of a position that did not hold.", "coreTheses": ["Seniority decided the outcome: KfW's nine billion sits ahead of Fortum's eight billion, and everything else follows from that ordering.", "The clock was running against Fortum, and a party that must reach agreement by a date has already conceded most of its leverage.", "The question worth asking is not whether Fortum was treated badly but which of its options were real at the point it had to choose.", "A twenty per cent fall in two days is the market pricing the answer to that question, not a verdict on the negotiators."], "slug": "ep146-tuppurainen-fortum-uniper-neuvottelut-sami-miettinen", "guestsCanonical": [], "guestPages": [], "page": "https://www.neuvottelija.com/podcast/episodes/ep146-tuppurainen-fortum-uniper-neuvottelut-sami-miettinen/", "markdown": "https://www.neuvottelija.com/podcast/episodes/ep146-tuppurainen-fortum-uniper-neuvottelut-sami-miettinen/index.md", "captions": null, "transcript": null, "videoId": "JLJgmAvnjN0", "dbId": null, "qaCoveragePct": 0.0, "qaSemanticVerdict": "metadata_only", "aiArticleEn": "https://www.neuvottelija.com/ai/ep146-tuppurainen-fortum-uniper-neuvottelut-sami-miettinen/", "aiArticleFi": "https://www.neuvottelija.fi/economy/ep146-tuppurainen-fortum-uniper-neuvottelut-sami-miettinen/"}