Institutionals and private Investors
In the middle of the fiscal year 2020, approximately 300,000 shareholders were incorporated in Uniper's share register.
Since mid-2018, the Finnish energy supplier Fortum Oyj - via its indirect holding company Fortum Deutschland SE, Düsseldorf - has been Uniper's major shareholder.
Institutional investors from Europe and North America made up the majority of the remaining shareholders. About 6.5% of Uniper shares were held by private investors, most of whom are domiciled in Germany.
Current information on the shareholder structure in the context of reported changes in shares pursuant to Sections 33 et seq. of the Wertpapierhandelsgesetz (WpHG - German Securities Trading Act) is published on the Investor Relations under the topic: Voting Rights Notifications.
Shareholder structure: Investors
Sources: Voting rights notifications, shareholders identification (share register, IHS Markit)
As of 18 August 2020
Shareholder structure: Investors by country/region
Sources: voting rights notifications, shareholders identification (share register, IHS Markit)
As of 18 August 2020
Major shareholders of Uniper SE
Fortum holds 75.01% of Uniper
On 17 August 2020 Fortum exceeded the 75% threshold. A direct 75.01% shareholding in Uniper was reported in a voting rights notification.
Another major shareholder is the institutional investor BlackRock, which, according to a 2019 voting rights notification, directly and indirectly holds more than 3% of Uniper shares. According to the latest shareholder identification analysis from the end of June 2020 and according to information from the Uniper shareholder register, the 3% reporting threshold is not being reached by any other investor.
History of the takeover by Fortum
Fortum new Uniper major shareholder since June 2018
E.ON SE ceased to be a major shareholder in 2018. On January 8, 2018, E.ON SE exercised its right to tender its 46.65% stake in Uniper SE as part of Fortum Deutschland SE’s takeover offer dated November 7, 2017. After the further acceptance period expired, Fortum Deutschland SE announced on February 7, 2018, that the offer had been accepted by Uniper shareholders holding a total of 172,439,375 shares. This corresponded to around 47.12% of the share capital and voting rights of Uniper SE.
On June 26, 2018, Fortum Deutschland SE announced that the takeover offer of Fortum Deutschland SE to the shareholders of Uniper SE had been completed. The takeover was subject to approval in various jurisdictions. According to the information published by Fortum Oyj, Fortum is entitled to hold additional Uniper shares up to a total of 49,99%, subject to the approval of the Russian regulatory authorities. Also on June 26, 2018, the Republic of Finland notified Uniper that its share of the voting rights in Uniper SE held directly by Fortum Deutschland SE amounted to 47.37% at that time. Fortum Deutschland SE is an indirect 100% subsidiary of Fortum Oyj, Espoo, Finland.
Fortum increased share of voting rights to 49.99% at the end of 2018
According to Fortum Oyj’s public announcement of February 1, 2019, the share of voting rights in Uniper SE attributable to Fortum Oyj amounted to 49.99% as of December 31, 2018.
Other major shareholders at the end of 2018: According to a voting rights notification, dated January 7, 2019, Paul E. Singer (Elliot Management) and companies controlled by him held 17.84% of the voting rights in Uniper SE on December 31, 2018 (3.84% of which were directly held). According to shareholder identification, Asset Manager Knight Vinke was another major shareholder of Uniper at the end of 2018 with a stake of more than 5%.
Fortum agreed in October 2019 to acquire majority stake in Uniper
On 8 October 2019, the Republic of Finland, majority owner of the energy company Fortum Oyj, informed that a threshold had been exceeded. In addition, the company has secured 23.41% of its voting rights by means of instruments according to the voting rights notification. The number of Uniper shares held directly remained unchanged at 49.99%. Fortum had previously informed the public that it had entered into agreements with Elliott and Knight Vinke to acquire more than 20.5% of Uniper. The closing of this transaction is subject to regulatory approvals in Russia and the USA. Fortum expects the transaction to be completed by the end of the first quarter of 2020.
Fortum is majority shareholder of Uniper since end of March 2020
On 26 March 2020, Fortum announced to have closed the first tranche of the agreement to purchase the Uniper shares held by Elliott Management Corporation and its affiliates and Knight Vinke Energy Advisors Limited and its affiliates. Fortum raised its stake from 49.99% to 69.56% of the shares and voting rights in Uniper.
On 08 May 2020 closed the second and final tranche of the agreement to purchase the remaining Uniper SE shares held by Elliott Management Corporation and its affiliates. The 3.84% share purchase increased Fortum’s holding to 73.4% of the shares and voting rights in Uniper.
As of August 17, 2020, Fortum exceeded the threshold of 75%.
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As of 18 August 2020