Uniper now a European Stock Corporation (SE)
Yesterday's entry into the commercial register at the Düsseldorf District Court and the addition of "SE" to the company name marks the culmination of the transformation of Uniper AG into a European stock corporation.
Under an agreement on employee participation, the 12-member Uniper SE Supervisory Board is subject to direct parity co-determination. Accordingly, six members will be put forward by shareholders, and the remaining six by employee representatives. Uniper is following in the wake of a similar transformation by E.ON SE, completed at the end of 2012. Within the group of DAX companies (DAX-30, M-DAX, S-DAX), around 20 companies have thus far opted for the SE legal structure.
Commenting on this most recent development, Uniper CEO Klaus Schäfer said: "I am pleased that the internationalism that characterizes us as a company is now also expressed through the company's legal structure. Above all, this marks another milestone on the road to legal autonomy."
About Uniper:
Uniper is an international energy company with around 14,000 employees worldwide. The company operates about 40 Gigawatt of reliable power generating capacity in Europe and Russia which consists mainly of gas, coal and hydro power plants. With its balanced portfolio and its technical and commercial expertise, Uniper is able to offer attractive and customized products and services at competitive prices. Uniper's trading activities create links between global energy markets. These activities comprise the entire value chain for commodities trading in markets for electricity, emission allowances, natural gas, liquefied natural gas (LNG), coal and freight. Moreover, the company's experience in asset operation and global trading serve as the basis for comprehensive service packages that - in addition to asset management – can also include supplying raw materials and fuels as well as operational management of power plants.
This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.
