“Uniper opens above 10 euros per share in much awaited market debut”

Shares in E.ON fossil power spin-off Uniper started trading at just over 10 euros at its market debut, toward the upper end of a range between 5.50 and 13.00 euros given by analysts, reports Reuters. “The closely watched listing, under which E.ON is floating 53.35 percent in the power generation and energy trading unit, is expected to provide deeper insight into the market value of ailing gas- and coal-fired power plants, Uniper's core assets.” E.ON shares tumbled 13 percent in early trade. But according to a report by news agency dpa-AFX, the E.ON shares were only one percent lower when adjusted for the spin-off.

Read the Reuters report in English here.

Find the dpa-AFX report in German here.

Find background information in the CLEW factsheet E.ON shareholders ratify energy giant's split.