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Unión Fenosa
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Unión Fenosa, S.A., 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. The headquarters are in Madrid and the chairman is Pedro López Jiménez. The company is part of the IBEX-35.
company was founded in 1912 as Unión Eléctrica Madrilena and it traded under that name until 1970 when the name was changed to Unión Eléctrica.

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Encyclopedia
Unión Fenosa, S.A., 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. The headquarters are in Madrid and the chairman is Pedro López Jiménez. The company is part of the IBEX-35.
History
The company was founded in 1912 as Unión Eléctrica Madrilena 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.
Structure
The company has the following businesses:
- Domestic generation and marketing
- Domestic distribution
- Gas
- International electrical business
- Other interests
Shareholders Around 45% of the shares are currently owned by Grupo ACS. In July 2008, Gas Natural agreed to buy Grupo ACS's stake worth €7.6 billion.
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