The much awaited spin-off of Uniper from E.On has been finally completed with the listing of the company on the Frankfurt stock exchange. Conventional generation (including Swedish nuclear) and the commodity-driven unit (with trading and Russian E&P) have started trading at €10.01/share, which values the company at €3.66bn, although the stock rose 3% throughout the day and finished trading at €10.3/share, translating into a market cap of €3.77bn. E.On issued 365.95m ne
13 Sep 2016
Uniper spin-off achieved; valuation gap confirmed
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Uniper spin-off achieved; valuation gap confirmed
E.ON SE (EOAN:WBO) | 0 0 1.3% | Mkt Cap: 17,847m
- Published:
13 Sep 2016 -
Author:
Juan Camilo Rodriguez - Pages:
The much awaited spin-off of Uniper from E.On has been finally completed with the listing of the company on the Frankfurt stock exchange. Conventional generation (including Swedish nuclear) and the commodity-driven unit (with trading and Russian E&P) have started trading at €10.01/share, which values the company at €3.66bn, although the stock rose 3% throughout the day and finished trading at €10.3/share, translating into a market cap of €3.77bn. E.On issued 365.95m ne