Uniper shareholders vote for capital cut: federal government's exit is getting closer

Uniper shareholders vote for capital cut: federal government's exit is getting closer

According to a report by www.finanzen.net, Uniper's shareholders have paved the way for the federal government's prospective exit. During the extraordinary general meeting they voted with a large majority in favor of a capital cut. CEO Michael Lewis emphasized that shareholder approval of the capital reduction is an important step for Uniper as it fundamentally restores Uniper's ability to pay dividends, subject to further legal restrictions. Paying a dividend is a decisive criterion for investors to buy shares in a company, and this now creates scope for the federal government to exit. Uniper had to be rescued with state aid in 2022 because it incurred massive losses when Russia gradually stopped its gas supplies. In XETRA trading, Uniper shares rose by 12.53 percent to 4.40 euros by the end of trading.

By cutting capital and restoring its ability to pay dividends, Uniper has taken important steps to strengthen investor confidence and enable the federal government to exit. This could have long-term positive effects on the company's financial structure and willingness to invest. Additionally, this could also attract potential investors, which could have a long-term impact on the market and industry. The increased share price could also lead to further interest from investors and improve the company's liquidity. Overall, Uniper's move is a positive signal for the company's further development.