Fortum acquires three independent heat producers in Latvia

FORTUM CORPORATION ONLINE NEWS 7 February 2018
 

Fortum has signed a Shares Purchase Agreement on all shares of three independent Latvian heat producers SIA BK Enerģija, SIA Energy & Communication and SIA Sprino. The transaction is subject to Competition Authority clearance and therefore will now be filed with the Competition Council of the Republic of Latvia.

The acquired production companies will continue to deliver heat to Daugavpil's municipal district heating company PAS Daugavpils Siltumtikli, and provide about 40% of the city’s need of heat in 2018.

“We believe that Fortum can contribute to the forthcoming energy transition of the Daugavpils Region. We are very proud of our success story in Jelgava and are confident that we can bring our learnings also to Daugavpils’ residents and businesses,” Says Country Manager for Fortum in Latvia, Julia Sundberg.

Fortum Corporation
Group Communications

Further information:
Julia Sundberg, Country Manager in Latvia, tel. +371 2834 5147

Read more:
Fortum in Latvia: https://www3.fortum.com/about-us/our-company/fortum-worldwide/fortum-latvia

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Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 9,000 professionals in the Nordic and Baltic countries, Russia, Poland and India. In 2017, our sales were EUR 4.5 billion. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com

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