Uniper

Uniper SE
Societas Europaea
Traded as FWB: UN01
Industry Electric utility
Founded 1 January 2016
Headquarters Düsseldorf, Germany
Area served
 Europe
United States
Key people
 Klaus Schäfer, Chief Executive
Christopher Delbrück
Chief Financial Officer
Eckhardt Rümmler, Chief Operating Officer
Products electrical power
natural gas
Services Electricity generation and distribution
production, distribution and trading
Number of employees
 13,000
Subsidiaries Unipro
Website www.uniper.energy

Uniper SE is a German energy company based in Düsseldorf, North Rhine-Westphalia, that began operating on 1 January 2016. It was formed by the separation of E.ON's fossil fuel assets into a separate company. The name of the company is a portmanteau of "unique" and "performance".[1][2]

History

The split of the majority of E.ON's 'upstream' electricity generation business from its 'downstream' retail and distribution business was first announced in April 2015.[1] E.ON had also planned to include its nuclear business in Uniper, but reversed the decision in September 2015 due to German government rules aimed at stopping companies avoiding nuclear clean up costs.[3]

The company became active on 1 January 2016, with 14,000 employees and is expecting an operating profit (EBITDA) of €4 billion.[4][5]

EON sold a 53% stake in the business through a listing on the Frankfurt Stock Exchange in September 2016,[6] retaining a minority 47% holding.[7]

References

  1. 1 2 Steitz, Christophe (27 April 2015). "E.ON CFO Schaefer to head future spin-off Uniper". Reuters. Retrieved 24 February 2016.
  2. ↑ Timperley, Jocelyn (4 January 2016). "E.ON completes split of fossil fuel and renewable operations". BusinessGreen. Retrieved 23 February 2016.
  3. ↑ Andresen, Tino (10 September 2015). "EON Cancels Nuclear Business Spinoff as 2015 Loss Forecast". Bloomberg Business. Retrieved 24 February 2016.
  4. ↑ "Eon zieht nach Essen - Neue Gesellschaft heißt Uniper". 27 April 2015. Retrieved 28 April 2015.
  5. ↑ mm-newsdesk (27 April 2015). "Eons Kernspaltung - mit "Uniper" soll alles besser werden". Retrieved 28 April 2015.
  6. ↑ "Uniper shares get off to volatile market debut". DW. 12 September 2016. Retrieved 16 November 2016.
  7. ↑ Andresen, Tino (12 September 2016). "EON Loosens Ties to Old Energy as Uniper Starts Trading". Bloomberg. Retrieved 16 November 2016.
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