Unión Fenosa

Unión Fenosa, S.A.
BMAD: UNF
IndustryEnergy
PredecessorUnión Eléctrica
FoundedMadrid, Spain (November 23, 1982 (1982-11-23))
Defunct2009 (2009)
SuccessorGas Natural Fenosa, now Naturgy
Key people
  • Pedro López Jiménez, Chairman
  • Honorato López Isla, CEO
Revenue€ 7,189 million (2008)[1]
€ 1,675 million (2008)[1]
Increase €1,194 million (2008)[1]
Number of employees
12,780 (2008)[1]
Websitewww.unionfenosa.es

Unión Fenosa, S.A. was, until its acquisition by Gas Natural in 2009, a large Spanish company dedicated to the production and distribution 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 Naturgy Energy Group.

History

Unión Fenosa´s aerogenerator

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 the Gas Natural group.[3]

Carbon intensity

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
See also: List of European power companies by carbon intensity

Structure

The company had the following businesses:

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

Shareholders

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

  1. ^ a b c d "Annual Results 2008" (PDF). Unión Fenosa. Retrieved 2009-02-16.[permanent dead link‍]
  2. ^ Quarterly Report Archived 2007-07-03 at the Wayback Machine
  3. ^ Gas Natural buys on the stock market another 3% of Fenosa
  4. ^ "Shareholder information". Unión Fenosa. Archived from the original on May 17, 2006. Retrieved 2008-08-03.
  5. ^ Carlos Ruano (2008-07-30). "Gas Natural to buy ACS's 45 percent Fenosa stake". Reuters. Archived from the original on February 1, 2013. Retrieved 2008-08-03.
  6. ^ "Gas Natural to take over Union Fenosa". Power Engineering. 2008-08-01. Retrieved 2008-08-03.