E.ON successfully separated its operations from Uniper’s effective January 1, 2016

• E.ON is now to focus on renewables, energy networks, and customer solutions
• Uniper to ensure supply security with conventional generation and energy trading

E.ON CEO Johannes Teyssen emphasized “Rather than just changing our organizational setup, we’re spinning off our conventional-generation and energy-trading businesses to form a company, called Uniper, that will become something completely independent,” Teyssen said.

He added that this would give both E.ON and Uniper the best prospects to become leaders in their respective spheres: “Separating these businesses, which were formerly managed together, will make both companies more agile and sharpen their profile for customers and investors.”

Uniper CEO Klaus Schäfer said: “Economic prosperity is and will continue to be fueled by energy. The global population is growing and so is its consumption of energy, which people take for granted. Ensuring that people have a secure and cost-effective supply of power and gas will remain a crucial task. That’s what Uniper is all about.” Uniper also has a strong position in global energy trading.

The spinoff of Uniper is expected to take place later in 2016 following the approval of E.ON shareholders.