EQS-News: Uniper SE
/ Key word(s): Legal Matter
Uniper SE: Information on Arbitration Award
26.11.2023 / 22:09 CET/CEST
The issuer is solely responsible for the content of this announcement.
Publication of an inside information pursuant to Article 17 of Regulation (EU) No. 596/2014
Uniper SE: Information on Arbitration Award
Düsseldorf, 26November 2023. Uniper SE (“Uniper”) has been notified on Friday evening, 24 November 2023, of an award against a subsidiary in arbitration proceedings under the rules of the International Chamber of Commerce which began in early 2021. The proceedings between the Uniper subsidiary and a European energy company relate, inter alia, to the pricing provisions of a long-term agreement for the supply of liquified natural gas (LNG), concluded prior to the spin-off of Uniper in 2016 and which has since expired. A payment to the opposing party of an estimated EUR 550 million related to the retroactive re-pricing of the long-term agreement would be due under the terms of the award. The additional payment will have a full impact on the annual result of Uniper. Uniper is currently analyzing the reasoning of the decision and reviewing all possible avenues of legal recourse against the award.
Contact:
Person making the notification:
Marc Merrill
General Counsel and Chief Compliance Officer
Legal & Compliance
Uniper SE
Holzstraße 6
40221 Düsseldorf
Contact for investors and analysts:
Sebastian Veit
Senior Vice President
Investor Relations
Uniper SE
Holzstraße 6
40221 Düsseldorf
Phone +49 151 55049337
Email ir@uniper.energy
Media contact:
Georg Oppermann
Senior Vice President
External Communication & Sustainability Communication
Uniper SE
Holzstraße 6
40221 Düsseldorf
Phone +49 178 4394847
Email press@uniper.energy
26.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
Uniper SE
Holzstraße 6
40221 Dusseldorf
Germany
Phone:
+49 211 73275 0
Fax:
+49 211 4579 2022
E-mail:
info@uniper.energy
Internet:
www.uniper.energy
ISIN:
DE000UNSE018, DE000UNSE1N3
WKN:
UNSE01, UNSE1V
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
Uniper SE is a Germany-based energy generation and energy trading company. The Company operates through three segments: European Generation, Global Commodities and International Power Generation. The European Generation segment generates power and owns coal, gas, oil and combined gas and steam power plants, hydroelectric power plants, nuclear power stations in Sweden, a biomass plant in France, as well as solar and wind power facilities; the Global Commodities segment bundles the Company's energy trading activities, as well as gas storage and supply business, and the International Power Generation segment comprises equity investments in energy generation companies in the Russian Federation and Brazil.