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Unión Fenosa, S.A., is a large Spanish
Spain

Spain or the Kingdom of Spain , is a country located in Southern Europe on the Iberian Peninsula.The Spanish constitution does not establish any official denomination of the country, even though Espa?a , Estado espa?ol and Naci?n espa?ola are used interchangeably....
 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
Madrid

Madrid is the Capital and largest city of Spain. It is the Largest cities of the European Union by population within city limits in the European Union after Greater London and Berlin, and its Madrid metropolitan area is the Largest urban areas of the European Union in the European Union after Paris aire urbaine, Greater London Urban Area, a...
 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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Unión Fenosa, S.A., is a large Spanish
Spain

Spain or the Kingdom of Spain , is a country located in Southern Europe on the Iberian Peninsula.The Spanish constitution does not establish any official denomination of the country, even though Espa?a , Estado espa?ol and Naci?n espa?ola are used interchangeably....
 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
Madrid

Madrid is the Capital and largest city of Spain. It is the Largest cities of the European Union by population within city limits in the European Union after Greater London and Berlin, and its Madrid metropolitan area is the Largest urban areas of the European Union in the European Union after Paris aire urbaine, Greater London Urban Area, a...
 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
Gas Natural

Gas Natural SDG, S.A., is an energy company which operates primarily in Spain but also in such countries as Italy, Mexico, Colombia, Argentina, Puerto Rico and Morocco....
.

Structure

The company has the following businesses:
  • Domestic generation and marketing
  • Domestic distribution
  • Gas
  • International electrical business
  • Other interests
    • Indra (11%)


Shareholders


Around 45% of the share
Share

Share may refer to:* Sharing ; to make joint use of resources , or to "give something away"* Share , a man who writes Urdu poetry* Share , a stock or other security such as a mutual fund...
s are currently owned by Grupo ACS
Grupo ACS

Grupo ACS , is a Spanish company dedicated to civil and engineering construction, all types services and telecommunications. The company was founded in 1997 through the merger of OCP Construcciones, S.A. and Gin?s Navarro Construcciones, S.A.....
. In July 2008, Gas Natural
Gas Natural

Gas Natural SDG, S.A., is an energy company which operates primarily in Spain but also in such countries as Italy, Mexico, Colombia, Argentina, Puerto Rico and Morocco....
 agreed to buy Grupo ACS's stake
Stake

Stake may refer to:* A stake is a long, pointed object thrust into the ground. Stakes have many applications, such as demarcating a small plot of land, anchoring guy ropes for a tent or other portable structure, or slowly releasing fertilizer to aid the growth of plants...
 worth €7.6 billion.

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