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| Type | Public (BMAD: UNF) |
|---|---|
| Founded | 1912 |
| Headquarters | Madrid, Spain |
| Key people | Salvador Gabarró (Chairman of the board), Honorato López Isla (CEO) |
| Industry | Energy |
| Products | Gas, Electricity |
| Revenue | € 7,189 million (2008)[1] |
| Operating income | € 1,675 million (2008)[1] |
| Profit | ▲ €1,194 million (2008)[1] |
| Employees | 12,780 (2008)[1] |
| Website | www.unionfenosa.es |
Unión Fenosa, S.A., (BMAD: 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.[2] The headquarters are in Madrid and the chairman is Pedro López Jiménez. Formerly a constituent of the IBEX 35 index, the company is a part of the Gas Natural group.
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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.
The company has the following businesses:
Around 45% of the shares are currently owned by Grupo ACS.[3] In July 2008, Gas Natural agreed to buy Grupo ACS's stake worth €7.6 billion.[4][5]
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