EQS-News: Uniper SE: Information on Arbitration Award
EQS-News: Uniper SE
/ Key word(s): Legal Matter
Uniper SE: Information on Arbitration Award
26.11.2023 / 22:09 CET/CEST
The issuer is solely responsible for the content of this announcement.
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:
Person making the notification:
Marc Merrill
General Counsel and Chief Compliance Officer
Legal Compliance
Uniper SE
Holzstraße 6
40221 Düsseldorf
Contact for investors and analysts:
Sebastian Veit
Senior Vice President
Investor Relations
Uniper SE
Holzstraße 6
40221 Düsseldorf
Phone +49 151 55049337
Email ir@uniper.energy
Media contact:
Georg Oppermann
Senior Vice President
External Communication Sustainability Communication
Uniper SE
Holzstraße 6
40221 Düsseldorf
Phone +49 178 4394847
Email press@uniper.energy
26.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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1781909 26.11.2023 CET/CEST