Neha Patil (Editor)

Uniper

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Industry
  
Founded
  
1 January 2016

Area served
  
Europe

Traded as
  
FWB: UN01

Headquarters
  
Number of employees
  
13,000


Key people
  
Klaus Schäfer, Chief ExecutiveChristopher DelbrückChief Financial OfficerEckhardt Rümmler, Chief Operating Officer

Products
  
electrical powernatural gas

Services
  
Electricity generation and distributionproduction, distribution and trading

Stock price
  
UN01 (ETR) € 15.78 +0.39 (+2.57%)31 Mar, 5:35 PM GMT+2 - Disclaimer

CEO
  
Klaus Schäfer (1 Jan 2016–)

Subsidiaries
  
Unipro, E.ON Sverige, OKG AB

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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".

Contents

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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. 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.

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

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

References

Uniper Wikipedia


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