UN01.DE - Uniper SE

XETRA - XETRA Delayed Price. Currency in EUR
29.95
+0.28 (+0.94%)
At close: 5:35PM CEST
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Previous Close29.67
Open29.72
Bid29.94 x 0
Ask29.95 x 0
Day's Range29.69 - 29.99
52 Week Range21.55 - 29.99
Volume464,552
Avg. Volume393,993
Market Cap10.961B
Beta (3Y Monthly)0.76
PE Ratio (TTM)10.76
EPS (TTM)2.78
Earnings DateNov 12, 2019
Forward Dividend & Yield0.90 (3.03%)
Ex-Dividend Date2019-05-23
1y Target Est24.18
  • Uniper workers urge Fortum to spell out future plans to allay downgrade fears
    Reuters

    Uniper workers urge Fortum to spell out future plans to allay downgrade fears

    Labor representatives at Uniper , fearing a ratings downgrade in the event of a full takeover of the German energy group, have called on major shareholder Fortum to lay out plans for future cooperation between the two companies. It is the latest attempt to break a deadlock in Uniper and Fortum's long-running talks over their future relationship strained by the Finnish group's efforts to acquire a majority in Uniper against its will. Russian regulators also bar Fortum from raising its stake from the current 49.99% in Uniper because of a water license the German group operates there, which, according to local law, cannot be majority owned by a state-owned entity.

  • Thomson Reuters StreetEvents

    Edited Transcript of UN01.DE earnings conference call or presentation 8-Aug-19 6:30am GMT

    Half Year 2019 Uniper SE Earnings Call

  • Reuters

    UPDATE 1-Uniper, Fortum in constructive but complex talks over future

    FRANKFURT/DUESSELDORF, Germany, Aug 8 (Reuters) - German energy firm Uniper is holding constructive but complex talks with top shareholder Fortum over their future cooperation, its new chief executive said, signalling slow progress in attempts to end a long-standing deadlock. Finland's Fortum owns 49.99% in Uniper and has been trying to acquire a majority against the German firm's will. Russian regulators have blocked this, arguing a water license held by Uniper's Russian unit cannot be majority-owned by Fortum.

  • Reuters

    Fortum wants to resume talks with Uniper, not targeting break-up

    Fortum, the state-controlled Finnish utility, wants to restart talks with the management of Germany's Uniper, in which it owns 49.9 percent after a hostile takeover, it said on Monday. "We are in contact with the Supervisory Board of Uniper with a view to resuming such discussions as soon as possible," Fortum said in a statement, adding that it is interested in the company as a whole. The utility responded to a letter from the head of Uniper's works council, seen by Reuters, in which labor representatives had demanded clarity about Fortum's intentions with Uniper amid concerns that Fortum may want to break up the company.

  • Reuters

    Uniper, Fortum should explore tie-up to end deadlock - investors

    FRANKFURT/DUESSELDORF, Germany, June 12 (Reuters) - Some small shareholders in Uniper see room for a tie-up with top shareholder Fortum, joining activist calls to end a standoff after the Finnish group's acrimonious failed takeover attempt. Fortum has been barred by Russian regulators from expanding its 49.99% stake in Uniper which has also opposed a takeover, fearing that the Finnish state-owned firm could break it up and put its investment grade credit rating at risk. "Fortum's interest in Uniper does make sense for some parts, but not for the whole business," Winfried Mathes, analyst at Deka Investment, a top-20 shareholder of Uniper, said, adding that Russia and Sweden represented the best strategic fit.

  • Norway fund may have to offload $1 billion stake in Glencore in shift away from coal
    Reuters

    Norway fund may have to offload $1 billion stake in Glencore in shift away from coal

    Norway's $1 trillion sovereign wealth fund may have to sell a $1 billion stake in commodities firm Glencore and other investments to meet tighter ethical investing rules adopted by its parliament. Norway's parliament agreed on Wednesday to the center-right government's plan that the world's largest fund would no longer invest in companies that mine more than 20 million tonnes of coal annually or generate more than 10 gigawatts (GW) of power from coal. Environmental campaigners Greenpeace and Urgewald said the new rules mean the fund would have to divest its 2.03% stake in Glencore, worth $1 billion at the end of 2018 according to fund data.

  • Reuters

    UPDATE 1-Fortum CEO discussed Uniper investment restriction with Russia's Putin

    Fortum's chief executive officer has met with Russian President Vladimir Putin to discuss a key ownership restriction that is preventing the Finnish firm from taking control of German utility Uniper , it said on Tuesday. Government-controlled Fortum has a 49.99% stake in Uniper, but is prevented from raising its holding as Russian authorities have said a licence owned by Uniper's Unipro must not be majority-owned by a foreign state-owned entity. Changing the regulation could pave the way for Fortum to take full control of Uniper and break a long-standing deadlock that has also frustrated activist funds Elliott and Knight Vinke, which together hold nearly 23% of the German firm.

  • Reuters

    Uniper chairman calls for signal from Fortum to resolve dispute

    Uniper's chairman on Sunday said talks with major shareholder Fortum to resolve a dispute between the two companies were on hold after two of the German utility's board members resigned. Fortum and Uniper have been at loggerheads since the Finnish state-owned utility tried to take over the German group in 2017, a deal that Uniper's management opposed due to concerns it might get broken up. Fortum, which has a 49.99% stake in Uniper, has claimed that Uniper's board actively tried to block its planned takeover, which Uniper denies.

  • Reuters

    Uniper executives to step down as Fortum conflict drags on

    Uniper's chief operating officer and chief commercial officer will step down by the end of November, the German utility said on Sunday only days after a long-standing conflict with top shareholder Fortum flared up again. Uniper said COO Eckhardt Ruemmler and CCO Keith Martin had asked the group's chairman to terminate their contracts at the end of Nov. 30, 2019. Fortum and Uniper have been at loggerheads since the Finnish state-owned utility tried to take over the German group in 2017, a deal that Uniper's management fiercely opposed due to concerns it might get broken up.

  • Reuters

    Uniper signals little progress with Fortum on M&A deadlock

    DUESSELDORF, Germany/FRANKFURT, May 22 (Reuters) - Uniper signalled on Wednesday little prospect of a rapid breakthrough in talks with top investor Fortum that might lead to a full takeover of the German utility. Fortum and Uniper have been at loggerheads since the Finnish state-owned utility tried to take over the German group in 2017, a deal that Uniper's management fiercely opposed due to concerns it might get broken up. Russian regulators have barred Fortum from owning more than the current 49.99% in Uniper because of a water-testing licence owned by the German firm's Russian unit Unipro.

  • Reuters

    Uniper will not risk investment grade rating in Fortum talks

    DUESSELDORF, Germany/FRANKFURT, May 22 (Reuters) - German energy firm Uniper will not risk its investment grade in fresh talks over cooperation with top shareholder Fortum , Chief Financial Officer Christopher Delbrueck said on Wednesday. "For the Uniper Management Board, ensuring a stable investment-grade rating is the line in the sand for any type of cooperative arrangement," Delbrueck told shareholders at the group's annual general meeting. Finland's Fortum, which failed to take over all of Uniper and has no option to raise its 49.99% stake for regulatory reasons, has started fresh talks with its German peer, raising hopes it will at some point get a majority.

  • Reuters

    Fortum makes progress in talks to resolve Uniper standoff

    Fortum on Tuesday made progress in talks over cooperation with energy group Uniper , of which it owns 49.99%, shortly after activist funds stepped back from increasing pressure on the Finnish utility to seek full control. Uniper and Fortum have had a strained relationship ever since the Finnish state-owned company launched a takeover bid for the German group in 2017 which Uniper opposed. Now Fortum has struck a deal with activist shareholders Elliott and Knight Vinke to try to resolve a standoff that has paralysed Uniper and has prevented Fortum from acquiring the remaining stake, two people familiar with the matter said.

  • Reuters

    Elliott withdraws domination agreement request at Uniper AGM

    Activist fund Elliott, Uniper's No.2 shareholder, on Tuesday said it had decided to withdraw a motion that could have forced the German energy group to enter talks over a so-called domination agreement ...

  • Reuters

    Fortum will comment on activist proposals at Uniper when ready

    Finland's Fortum, Uniper's top shareholder, will state its position on activist proposals - some of which could trigger a breakup of the German firm - once it has formed a view, a spokeswoman for the group said. Elliott and Knight Vinke, Uniper's second- and third-largest investors, have tabled motions at Uniper's annual shareholder meeting scheduled for Wednesday, which could pave the way for Fortum gaining full control.

  • Reuters

    Rothschild withdraws from advising Adani on Australia coal project

    Rothschild & Co has decided not to advise India's Adani in the financing or development of the $4 billion (£3.10 billion) Carmichael coal mine in Queensland, Australia, a letter from the bank to an environmental group said. The bank is also not advising the firm on the planned sale of stake in the Abbot Point Coal export terminal, said the May 12 confidential letter to Friends of the Earth, France. The Carmichael coal mine, which has been in planning since 2010, has become a lightning rod for debate on climate change ahead of Australia's May 18 election.

  • Reuters

    Uniper rejects activist investor call to spin off Russian arm

    Uniper has rejected a call from activist investor Knight Vinke to spin off its Russian arm to address regulatory concerns that have prevented Finland's Fortum from taking full control of the German utility. Knight Vinke, which holds a 5 percent stake in Uniper, has asked Uniper to table a motion at its May 22 annual shareholder meeting about spinning off Russian utility Unipro. Should shareholders approve the motion, however, Uniper would adhere to the vote and carry out the spin-off, it added.

  • Reuters

    Uniper saw more gas, less coal burning in first quarter

    German utility Uniper saw more usage of natural gas and less of coal in its power generations plants across Europe in the first quarter of 2019, with the main effect in Britain, chief executive Christopher Delbrueck said on Tuesday. Higher carbon emission rights prices created incentives to burn gas, which has around half the CO2 emissions compared with coal, while gas prices fell amid pressure from an inventories build-up in a warm winter, he said in a call with journalists.

  • Is This Europe's Least Tempting Corporate Vacancy?
    Bloomberg

    Is This Europe's Least Tempting Corporate Vacancy?

    Having another hedge fund agitator in the form of Knight Vinke must be misery, especially when it’s making rival demands. Andreas Schierenbeck has decided to give it a go, however, with the former ThyssenKrupp AG executive taking on one of the least tempting vacancies in corporate Europe. The hedge funds are backseat driving, and putative buyer Fortum Oyj has a near 50 percent stake.

  • Reuters

    German utility Uniper appoints new UK chairman

    LONDON (Reuters) - German utility Uniper said on Thursday it has appointed Mike Lockett as its new UK country chairman. Lockett will combine the role with his current position as chief commercial officer ...