Uniper SE
Uniper SE: Information on Arbitration Award
EQS-News: Uniper SE
/ Key word(s): Legal Matter
Publication of an inside information pursuant to Article 17 of Regulation (EU) No. 596/2014 Uniper SE: Information on Arbitration Award Düsseldorf, 26 November 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:
26.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG. |
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 |
EQS News ID: | 1781909 |
End of News | EQS News Service |