Fortum to appeal court decision on Swedish hydro real estate tax
FORTUM CORPORATION INVESTOR NEWS 14 JUNE 2018 9:30 EEST On 11 June, the Swedish Administrative Court of Appeal gave its decisions on Fortum Sverige AB’s hydro production related real estate tax assessments for the years 2009-2014. The court decisions are not in Fortum’s favour and are contrary to the Administrative Court’s earlier decision. Fortum will apply for leave to appeal to the Supreme Administrative Court. The disputed amount including interest for the time period totals approximately SEK 520 million (approximately EUR 50 million). In case the Administrative Court of Appeal’s