Unión Fenosa

Infobox Company
company_name = Unión Fenosa, SA
company_
company_type = Public (BMAD|ES0181380017|UNF)
foundation = 1912
location = Madrid, Spain
key_people = Pedro López Jiménez (Chairman of the board)
Honoratio López Isla (CEO)
industry = Energy
products = Gas, Electricity
revenue = € 6,057 m(2006)
operating_income = € 1,307 m(2006)
num_employees =
homepage = [http://www.unionfenosa.es www.unionfenosa.es]

Unión Fenosa, S.A., (BMAD|ES0181380017|UNF) is a large Spanish company dedicated to the production and distribution to end users of gas and electricity. It has installed capacity of 11,120 megawatts of power and 8.9 million customers. [ [http://www.unionfenosa.es/webuf/ShowContent.do?contenido=ECOI_04_03 Quarterly Report] ] The headquarters are in Madrid and the chairman is Pedro López Jiménez. The company is part of the IBEX-35.

History

The company was founded in 1912 as "Unión Eléctrica Madrileńa" 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 is adquired by Gas Natural.

tructure

The company has the following businesses:
* Domestic generation and marketing
* Domestic distribution
* Gas
* International electrical business
* Other interests
** Indra (11%)

hareholders

Around 45% of the shares are currently owned by Grupo ACS.cite web
url = http://www.unionfenosa.es/webuf/ShowContent.do?contenido=ECOI_10_01&audiencia=1
title = Shareholder information
publisher = Unión Fenosa
accessdate = 2008-08-03] In July 2008, Gas Natural agree to buy Grupo ACS stake worth €7.6 billion.cite news
url = http://uk.reuters.com/article/innovationNews/idUKL018303020080730
title = Gas Natural to buy ACS's 45 percent Fenosa stake
author = Carlos Ruano
publisher = Reuters
date = 2008-07-30
accessdate = 2008-08-03] cite news
url = http://pepei.pennnet.com/Articles/Article_Display.cfm?Section=ARTCL&SubSection=Display&PUBLICATION_ID=6&ARTICLE_ID=335944
title = Gas Natural to take over Union Fenosa
publisher = Power Engineering
date = 2008-08-01
accessdate = 2008-08-03]

References

External links

* [http://www.unionfenosa.es www.unionfenosa.es]
* [http://www.infrabeat.com/2008/07/02/union-fenosa-looking-to-invest-in-india/ Union Fenosa Investing in India]