What is "uniper"

Uniper is a German energy company based in Düsseldorf, North Rhine-Westphalia, that began operating on 1 January 2016. It was formed by the separation of E.ON's fossil fuel assets into a separate company. The name of the company is a portmanteau of "unique" and "performance".

E.ON plan to divest Uniper by spinning off a majority holding in the company to its shareholders, subject to their approval at a meeting planned for June 2016.