A first look into the spin-off decision has been provided by the company, in which E.On will list 53.35% of Uniper later this year, to fully deconsolidate the assets. No date or IPO price has yet been set for the operation although the listing is expected in H2 16. Nevertheless, E.On expects to fully dispose of the remaining stake of the company by 2018. Each E.On shareholder will receive Uniper shares with a 10:1 allotment ratio. The company is expected to be listed on the N-DAX. In terms of
27 Apr 2016
Capital markets day: spin-off information and guidance
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Capital markets day: spin-off information and guidance
E.ON SE (EOAN:WBO) | 0 0 1.3% | Mkt Cap: 17,847m
- Published:
27 Apr 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
4
A first look into the spin-off decision has been provided by the company, in which E.On will list 53.35% of Uniper later this year, to fully deconsolidate the assets. No date or IPO price has yet been set for the operation although the listing is expected in H2 16. Nevertheless, E.On expects to fully dispose of the remaining stake of the company by 2018. Each E.On shareholder will receive Uniper shares with a 10:1 allotment ratio. The company is expected to be listed on the N-DAX. In terms of