Unión Fenosa

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Unión Fenosa, S.A.
Traded as BMADUNF
Industry Energy
Predecessors Unión Eléctrica
Successors Gas Natural Fenosa
Founded Madrid, Spain (November 23, 1982 (1982-11-23))
Defunct 2009 (2009)
Key people
  • Salvador Gabarró, Chairman
  • Honorato López Isla, CEO
Revenue 7,189 million (2008)[1]
Operating income 1,675 million (2008)[1]
Net income Increase €1,194 million (2008)[1]
Employees 12,780 (2008)[1]
Website www.unionfenosa.es

Unión Fenosa, S.A. was a large Spanish company dedicated to the production and distribution to end users of gas and electricity. It installed capacity of 11,120 megawatts of power and 8.9 million customers.[2] The headquarters were in Madrid and the chairman was Pedro López Jiménez. Formerly a constituent of the IBEX 35 index, the company is a part of the Gas Natural group.

History[edit]

The company was founded in 1912 as Unión Eléctrica Madrileña and it traded under that name until 1970 when the name was changed to Unión Eléctrica. In 1982 it merged with Fuerza Eléctrica de Noroeste, S.A. (Fenosa) to form Unión Eléctrica Fenosa. In 2000 the name was shortened to Unión Fenosa. In 2008 the company was acquired by Gas Natural.[3]

Carbon intensity[edit]

Year Production (TWh) Emission (Gt CO2) kg CO2/MWh
2002 24 16.38 683
2003 26 15.1 584
2004 27 16.54 612
2005 29 16.49 572
2006 31 15.82 514
2007 34 18.2 535
2008 18 7.26 398
2009 29 9.48 330

Structure[edit]

The company had the following businesses:

  • Domestic generation and marketing
  • Domestic distribution
  • Gas
  • International electrical business
  • Other interests
    • Indra (11%)

Shareholders[edit]

Unión Fenosa´s aerogenerator

Prior to 2008 around 45% of the shares were owned by Grupo ACS.[4] In July 2008, Gas Natural agreed to buy Grupo ACS's stake worth €7.6 billion.[5][6]

References[edit]

  1. ^ a b c d "Annual Results 2008". Unión Fenosa. Retrieved 2009-02-16. 
  2. ^ Quarterly Report
  3. ^ Gas Natural buys on the stock market another 3% of Fenosa
  4. ^ "Shareholder information". Unión Fenosa. Retrieved 2008-08-03. [dead link]
  5. ^ Carlos Ruano (2008-07-30). "Gas Natural to buy ACS's 45 percent Fenosa stake". Reuters. Retrieved 2008-08-03. 
  6. ^ "Gas Natural to take over Union Fenosa". Power Engineering. 2008-08-01. Retrieved 2008-08-03. 

External links[edit]