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Uniper

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On 7 June 2024, an arbitration tribunal in Stockholm awarded Uniper over 13 billion euros in damages for gas not supplied by Russia's Gazprom since 2022, also allowing Uniper to terminate long-term contracts with Gazprom. The German government had nationalized Uniper in late 2022 after Russia cut gas
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announced it would buy E.ON's remaining 47% stake in Uniper and make a bid for the other 53% held by other shareholders, valuing Uniper at €8 billion. A takeover bid was submitted on 7 November 2017. E.ON accepted the offer on 8 January 2018. Fortum acquired, in total, a 47.35% stake. The deal
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In June 2016, the shareholders' meetings of E.ON SE and Uniper SE decided to spin off Uniper from E.ON. It took place through a retrospective transfer of Uniper's business to 195 million new shares created by an increase in noncash capital as of January 1, 2016. It was intended to deconsolidate
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stated that Finland would not accept the nationalisation of Uniper without a level of compensation being paid. The German government's intention to nationalize the company was formalized the next day. Germany will spend $ 8 billion to acquire a 99% stake in the company. Uniper published a €40b loss
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and emission rights on different stock markets and on the over-the-counter-market. Uniper Energy Storage GmbH is responsible for gas storage activities in Europe. The Power-to-Gas plants WindGas Falkenhagen and WindGas Hamburg store renewable energy in the form of electricity, gas or heat. Through
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The supervisory board consist of twelve members. Six members have been appointed by the general meeting, six by the employees through an election set up by Uniper SE. The shareholder representatives are Markus Rauramo (Chairman), Dr. Bernhard Günther (Deputy Chairman), Prof. Dr. Werner Brinker,
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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. The company became active on 1 January 2016, with 14,000 employees and is expecting an operating profit (EBITDA) of
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assets into a separate company that began operating on 1 January 2016. In 2019, the company employed about 6,800 people in over 40 countries. In 2018, around one-third of the employees were based in Germany. Until 2022, it owned a subsidiary company in Russia called
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In January 2023 Uniper announced that Klaus-Dieter Maubach used his right of cancellation and would quit as CEO in March that year. Additionally COO David Bryson and CFO Tiina Tuomela made their resignations public. On 1 March 2023 Michael Lewis, former CEO of
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It was reported in October 2022 that Uniper was "shutting half the office space in its headquarters and lowering temperatures in areas remaining open to save gas" as it struggled to stay afloat ahead of its impending nationalisation.
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Judith Buss, Esa Hyvärinen and Nora Steiner-Forsberg. The employee representatives in 2022 were Harald Seegatz (deputy chairman), Holger Grzella, Diana Kirschner, Victoria Kulambi, Magnus Notini and Immo Schlepper.
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highlighted the dilemma that Germany faces regarding Russian assets held by German companies, and severely disrupted the company's operations. Uniper announced on 28 April 2022 that it would pay for Russian gas in
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electrolyzing, the gained wind energy is transformed into hydrogen and fed into the local gas network. The Uniper Energy Storage GmbH operates gas storages with a capacity of 9 billion cubic metres (3.2
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With 34 GW generating capacities, Uniper is one of the largest European electricity producers. Uniper Global Commodities SE trades on the spot and futures market for gas, coal, freight, oil,
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in Saint-Avold (Lorraine), two coal-fired power plants in Saint-Avold and Gardanne (Provence), the biomass power plant "Provence 4 Biomasse" in Gardanne and wind and solar power plants.
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billion in financing. Under the bailout, a record in German corporate history, the government will take a 30% stake in Uniper, reducing the ownership of Fortum to 56%.
1623: 2314: 2304: 2151: 1710: 1426: 1221:"Joint Spin-off Report of the boards of management of E.ON SE, DÜSSELDORF and Uniper SE, DÜSSELDORF regarding the spin-off of a majority stake in the Uniper Group" 1817: 1552: 1647: 280:
The company has faced criticism for opening new coal-fueled power plants in Germany as recently as May 2020. Uniper was one of the financiers of the
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In April 2023 Russia seized the assets of Uniper Russia, including Uniper's 83.73% stake in Unipro which had already been revalued down to €1.
73: 2319: 2289: 928:, was appointed as new Uniper CEO. Lewis starts as CEO on 1 July 2023. Jutta Dönges became new CFO and Holger Kreetz followed Bryson as COO. 2279: 1995: 1519: 1374: 1346: 2329: 388: 2152:"Der Eon-Manager übernimmt im Sommer die Führung des verstaatlichten Energiekonzerns. Zudem gibt es weitere Veränderungen im Vorstand" 2284: 508:
until 2022. In addition to the fossil fuel power generation assets it owns hydropower and nuclear power assets in Sweden. Together,
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agreed to bailout Uniper a €15 billion rescue deal after being severely affected by reduced supplies and high prices following the
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was completed on 26 June 2018, after approval by various authorities. As of August 18, 2020, Fortum held a 75.01% stake in Uniper.
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billion. Arranged below Uniper SE were the Uniper Beteiligungs GmbH and the Uniper Holding GmbH, the latter functioning as
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of "unique" and "performance", which was given by long-term employee Gregor Recke. Uniper was formed by the separation of
2061: 1925: 580: 2294: 406:, claiming €11.6 billion for damages following shortfalls and breach in gas supply under their long term contract. 285: 1490: 653: 2172:"Carsten Poppinga to become Uniper's new Chief Commercial Officer - Michael Lewis to take over as CEO on 1 July" 2309: 1843: 668: 565: 513: 1473: 313:
in Uniper are Swedish, because German government rules aim to stop companies avoiding nuclear clean-up costs.
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Uniper from E.ON in the first half of 2017. E.ON sold a 53% stake in the business through a listing on the
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since late 2022. It is the biggest energy company by revenue in the world. The name of the company is a
1144: 1624:"Uniper signs agreements to sell its generation business and distribution activities in France to EPH" 1598: 1628:
Uniper signs agreements to sell its generation business and distribution activities in France to EPH
1574:"DGAP-News: Uniper-Statement: Fortum schließt Erwerb von circa 47,35 Prozent an Uniper ab (deutsch)" 1275: 808:
In addition, Uniper owns more than 70 hydropower plants with a capacity of 1,553 MW in Sweden.
1926:"German energy company Uniper says a tribunal awarded it billions in damages from Russia's Gazprom" 318: 274: 58: 1705: 452:
supplies, leading Uniper to incur significant costs by purchasing gas at higher market prices.
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for the first 3 quarters of 2022. The nationalisation was completed in late December 2022.
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million for a stake in the ownership of Uniper, while also offering the firm up to €7.7
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List of power stations of Uniper outside Germany (for power stations in Germany see
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In November 2017, Uniper completed the sale of its stake in the Russian gas field
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for the operative companies such as the Uniper Kraftwerke GmbH. The only
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project, which the German government suspended two days before the
2227: 1818:"Germany Nationalizes Gas Giant in Step to Avert Energy Collapse" 1802: 1744: 1724: 1648:"Germany Faces Dilemma of Owning Russian Assets in Uniper Buyout" 1520:"Uniper to Sell Yuzhno-Russkoye Stake to OMV for EUR1.75 Billion" 925: 481: 477: 465: 403: 195: 1740:"Germany hands $ 15 bln bailout to Uniper after Russian gas hit" 1329:"Controversial German Coal-Fired Power Plant to Start This Week" 1912:"Russia takes temporary control of Uniper, Fortum power assets" 1816:
Dezem, Vanessa; Sorge, Petra; Delfs, Arne (21 September 2022).
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Steitz, Christoph; Lehto, Essi; Hansen, Holger (22 July 2022).
1700:"Germany to Bail Out Utility Hit Hard by Russian Gas Shortfall" 1347:"Uniper not looking at legal action on Nord Stream 2 - for now" 509: 505: 469: 425: 384: 336: 1803:"Reuters: Germany to nationalise gas firm Uniper on Wednesday" 1778:"Germany to Inject $ 8 Billion in Uniper Nationalization Plan" 1673:"German energy giant Uniper gives in to Russian rouble demand" 1168:"E.ON completes split of fossil fuel and renewable operations" 26: 2257: 1545:"E.ON to sell remaining Uniper stake to Fortum for $ 4.5 bln" 180: 1449:"EON Cancels Nuclear Business Spinoff as 2015 Loss Forecast" 536:
10 cubic feet) in Germany, Austria, and the United Kingdom.
228: 1427:"Eons Kernspaltung – mit "Uniper" soll alles besser werden" 261: 66: 1375:"Germany completes nationalization of Uniper - ministries" 1192: 936:
The key trends for Uniper are, as of each financial year:
2132:"E.on-Manager Michael Lewis wird neuer Chef von Uniper" 1400:"Eon zieht nach Essen – Neue Gesellschaft heißt Uniper" 2209: 1887:"Uniper shuts down 50% of headquarters to save gas" 1697:Kantchev, Georgi; Pancevski, Bojan (22 July 2022). 1698: 1276:"Energy Services – International offices | Uniper" 1137:"E.ON CFO Schaefer to head future spin-off Uniper" 1771: 1769: 1737: 1696: 811:According to the 2017 Sustainability Report, the 2315:Companies listed on the Frankfurt Stock Exchange 2305:Multinational companies headquartered in Germany 2266: 1776:Henning, Eyk; Sorge, Petra (20 September 2022). 1599:"Fortum raises stake in Uniper to more than 75%" 1491:"Uniper shares get off to volatile market debut" 420:reported that the German government intended to 402:In 2022 Uniper filed a lawsuit against Russia’s 1996:"Listicle – Die größten Stromversorger Europas" 1815: 1766: 1517: 1537: 1775: 1424: 1301: 2144: 1725:"Fortum: Germany to acquire 30% of Uniper" 25: 1165: 424:the company, purchasing the remainder of 335:In September 2017, Finnish power company 1483: 1446: 1302:Bauchmüller, Michael (7 December 2018). 1130: 1128: 354: 2192:"Uniper Umsatz, Kennzahlen, Bilanz/GuV" 1731: 1518:Houston-Waesch, Monica (5 March 2017). 484:. Outside of the EU it operates in the 2267: 1134: 2325:Government-owned companies of Germany 1760:"Uniper brings claim against Gazprom" 1369: 1367: 1166:Timperley, Jocelyn (4 January 2016). 1125: 2320:German companies established in 2016 2290:Energy companies established in 2016 2164: 2038:"Energy Storage – About us | Uniper" 1841: 1447:Andresen, Tino (10 September 2015). 1297: 1295: 1246: 1244: 1215: 1213: 1211: 1209: 1135:Steitz, Christophe (27 April 2015). 914: 2280:Electric power companies of Germany 1842:Eddy, Melissa (21 September 2022). 443: 13: 2013: 1967: 1713:from the original on 22 July 2022. 1364: 409: 14: 2341: 2330:Government-owned energy companies 2205: 1292: 1241: 1206: 1085: 504:. The company used to operate in 2285:Natural gas companies of Germany 2240: 2226: 2212: 286:2022 Russian invasion of Ukraine 2184: 2124: 2099: 2079: 2054: 2030: 1988: 1943: 1918: 1904: 1879: 1861: 1835: 1809: 1795: 1752: 1717: 1690: 1665: 1640: 1616: 1591: 1566: 1511: 1466: 1440: 1418: 1392: 1339: 1321: 654:Ratcliffe-on-Soar Power Station 2107:"Uniper-Chef Maubach hört auf" 1268: 1185: 1159: 1111: 1079: 669:Nuclear power plant Oskarshamn 514:Oskarshamn nuclear power plant 430:Minister of Ownership Steering 1: 2300:2016 initial public offerings 1425:mm-newsdesk (27 April 2015). 1073: 516:and are both involved in the 455: 244:() is a German multinational 2113:(in German). 10 January 2023 1551:. 2018-01-08. Archived from 701:Nuclear power plant Forsmark 685:Nuclear power plant Ringhals 518:Forsmark nuclear power plant 391:. Germany agreed to pay €267 252:, Germany, which has been a 7: 931: 512:and Uniper are running the 389:energy standoff with Russia 359: 343:On 4 July 2019, Uniper and 273:. Uniper was listed on the 10: 2346: 295: 830: 640:Taylors Lane (Willesden) 488:, and has offices in the 223: 211: 201: 190: 178: 166: 158: 148: 138: 126: 110: 92: 82: 72: 50: 33: 24: 2062:"Data Overview – UNIPER" 1304:"Vier Euro als Argument" 319:Frankfurt Stock Exchange 275:Frankfurt Stock Exchange 2295:Nuclear power companies 1706:The Wall Street Journal 460:Uniper operates in the 365:Russia's war in Ukraine 162:€107.915 billion (2023) 968:Total revenue (€ mn.) 414:On 20 September 2022, 349:gas-fired power plants 321:on 12 September 2016. 254:state-owned enterprise 186:€64.694 billion (2023) 38:State-owned enterprise 2310:Companies in the MDAX 1020:Total Assets (€ mn.) 529:liquefied natural gas 355:Impact of Ukraine war 174:€6.308 billion (2023) 98:; 8 years ago 16:German energy company 1805:. 20 September 2022. 1578:FinanzNachrichten.de 1046:Number of employees 541:de:Uniper Kraftwerke 502:United Arab Emirates 96:January 1, 2016 2087:"Supervisory board" 1762:. 30 November 2022. 1499:. 12 September 2016 1474:"Zulassungsprojekt" 1308:Süddeutsche Zeitung 1147:on January 30, 2016 994:Net profit (€ mn.) 547: 203:Number of employees 21: 1875:. 4 November 2022. 1848:The New York Times 1555:on January 8, 2018 1453:Bloomberg Business 546: 379:In July 2022, the 292:in December 2022. 288:. The company was 144:Michael Lewis, CEO 19: 1975:"Plant Portfolio" 1071: 1070: 915:Corporate affairs 912: 911: 815:(totalling 120.8 806: 805: 522:hydropower plants 433:Tytti Tuppurainen 381:German government 239: 238: 43:Societas Europaea 2337: 2261: 2260: 2258:Official website 2250: 2248:Companies portal 2245: 2244: 2243: 2236: 2231: 2230: 2222: 2217: 2216: 2215: 2200: 2199: 2188: 2182: 2181: 2179: 2178: 2168: 2162: 2161: 2159: 2158: 2148: 2142: 2141: 2139: 2138: 2128: 2122: 2121: 2119: 2118: 2111:Wirtschaftswoche 2103: 2097: 2096: 2094: 2093: 2083: 2077: 2076: 2074: 2073: 2064:. 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Index


State-owned enterprise
Societas Europaea
Traded as
FWB
UN01
MDAX Component
ISIN
Electric utility
Düsseldorf
Net income
Total assets
Germany
Subsidiaries
Unipro
www.uniper.energy
energy company
Düsseldorf
state-owned enterprise
portmanteau
E.ON
fossil fuel
Unipro
Frankfurt Stock Exchange
Nord Stream 2
2022 Russian invasion of Ukraine
nationalised
holding company
nuclear plants
Frankfurt Stock Exchange

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