Traded as BMAD: UNF Predecessor Unión Eléctrica Revenue € 7,189 million (2008) Founded 1912 Ceased operations 2009 | Defunct 2009 (2009) Successor Gas Natural | |
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Key people Salvador Gabarró, ChairmanHonorato López Isla, CEO | ||
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Unión Fenosa, S.A. was a large Spanish company dedicated to the production and distribution to end users of gas and electricity.
Contents
- Uni n fenosa museum of contemporary art macuf amancio ortega inditex group test
- History
- Structure
- Shareholders
- References
It installed capacity of 11,120 megawatts of power and 8.9 million customers. The headquarters were in Madrid and the chairman was Pedro López Jiménez. Formerly a constituent of the IBEX 35 index, the company is a part of the Gas Natural group.
History
The company was founded in 1912 as Unión Eléctrica Madrileña and it traded under that name until 1970 when the name was changed to Unión Eléctrica. In 1982 it merged with Fuerza Eléctrica de Noroeste, S.A. (Fenosa) to form Unión Eléctrica Fenosa. In 2000 the name was shortened to Unión Fenosa. In 2008 the company was acquired by Gas Natural.
Structure
The company had the following businesses:
Shareholders
Prior to 2008 around 45% of the shares were owned by Grupo ACS. In July 2008, Gas Natural agreed to buy Grupo ACS's stake worth €7.6 billion.