Uniper SE / Key word(s): Miscellaneous
The EU Commission today approved the stabilization package for Uniper under state aid law. Thus, the stabilization measures will now be implemented immediately.
As part of the approval, the EU Commission set out a number of structural remedies that Uniper must fulfil. The company will make the following divestments of assets, the last of which must be completed by the end of 2026 the latest:
Uniper has also committed itself to a number of market-opening remedies, such as, for example, the obligation not to expand its market position in sales, to adjust its long-term gas contract portfolio, and to grant competitors access to transport and storage capacities.
Until the end of 2026, Uniper may also only make acquisitions that are necessary to ensure the continued viability of the company or to drive the decarbonization of Uniper's business. The acquisitions will be subject to approval by the EU Commission.
In addition, according to the EU approval the arbitration claim against the Netherlands on the basis of the Energy Charter Treaty must be withdrawn.
Furthermore, the EU approval is based upon the logic that Uniper will make an own contribution of 30% per year from its adjusted earnings before interest and taxes excluding losses from gas replacement costs, between 2022 and 2024. If, at the end of 2024, Uniper's equity capitalization is higher than before the crisis, Uniper will be obliged to repay the excess amount to the German Federal Government by appropriate means.
As part of the EU approval, the German Federal Government agreed to reduce its shareholding to a maximum of 25% plus one share by 2028 at the latest.
The capital increase approved by the General Meeting on December 19, 2022, will now be implemented immediately. It is also planned to utilize part of the Authorized Capital still in 2022.
Contact:Person making the notification:
Corporate Legal Affairs
Contact for investors and analysts:
Executive Vice President
Group Finance & Investor Relations
Mobile +49 1515 1213 9656
Telefax +49 211 4579 2022
Senior Vice President
External Communication & Sustainability Communication
Phone +49 211 4579 5570
Mobile +49 178 439 4847
20-Dec-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Phone:||+49 211 73275 0|
|Fax:||+49 211 4579 2022|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1518251|
|End of Announcement||EQS News Service|