HALISTER: Uniper Start Trading at EU10.015 a Share After Spin-Out From EON

Uniper Start Trading at EU10.015 a Share After Spin-Out From EON

(Bloomberg) -- Uniper, which holds EON’s conventional generation and trading business, starts trading in Frankfurt following the spin-out.
  • Uniper price was seen at ~EU10.93/share, according to avg estimate of 12 investors and analysts polled by Bloomberg
  • Uniper is to be included in the DAX only today, at close of trading E.ON weighting will be adjusted for Uniper exit
  • EON has distributed 53% of Uniper’s stock to existing investors, handing out 1 share for every 10 of EON
  • Uniper prospectus here
  • Earlier: EON Shares Fall 11% to One-Year Low Following Uniper Spinoff
    • Oddo Seydler says EU11 per Uniper share would be “a favorable entry point for long-term investors”
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
EOAN GR (E.ON SE)
UN01 GR (Uniper SE)

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