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