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12/11/2023, 8:00 AM

Uniper shareholders vote for capital reduction.

Uniper's shareholders have paved the way for the planned withdrawal of the federal government from the company.

Shareholders of Uniper unanimously vote for a capital reduction during an extraordinary general meeting, paving the way for the planned exit of the federal government. CEO Michael Lewis describes the shareholders' approval of this measure as an important step in restoring the company's dividend capacity.

In times of growing investor demands, the payout of dividends is a crucial criterion for purchasing stocks, according to Lewis in an official statement.

"We are pleased that, through the shareholders' approval, we now have the flexibility to disentangle the government-nationalized energy company," added the manager. The exact details of the federal government's exit have not yet been determined, but Lewis emphasized the importance of creating the conditions for it as early as possible.

As a reminder: The rescue of Uniper through state support took place in the year 2022, when massive losses occurred in the fulfillment of contracts, as Russia gradually stopped the deliveries during the gas crisis.

Uniper share able to temporarily increase by 2.92 percent to 4.05 euros in after-hours trading on Tradegate. With the shareholders' positive vote, an important step towards Uniper's future has been taken, allowing for optimistic views towards the future.

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