Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Uniper : The good outlook for European power is not enough

>The speculation surrounding a delisting is not justified in our view - After acquiring 293 million Uniper shares from Fortum, the German government owned 80% of Uniper’s capital. On 21 December, the issue of 4,706 million new shares at a unit price of € 1.7 led the German government to increase its stake to 98.56%. The following day Uniper issued a new capital increase reserved for the German government at a price of € 1.7 for 3,258 million new shares, lifting the go...
Underlying
Uniper SE

Uniper SE is a Germany-based energy generation and energy trading company. The Company operates through three segments: European Generation, Global Commodities and International Power Generation. The European Generation segment generates power and owns coal, gas, oil and combined gas and steam power plants, hydroelectric power plants, nuclear power stations in Sweden, a biomass plant in France, as well as solar and wind power facilities; the Global Commodities segment bundles the Company's energy trading activities, as well as its gas storage and supply business, and the International Power Generation segment comprises equity investments in energy generation companies in the Russian Federation and Brazil.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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