Consortium acquires Fortum Distribution AB
A Consortium consisting of Borealis Infrastructure, Third Swedish National Pension Fund (AP3), Folksam with subsidiaries and First Swedish National Pension Fund (AP1) (”The Consortium”) have today signed an agreement to acquire Fortum Distribution AB, Fortum Corporation's electricity distribution networks in Sweden.Kerstin Hessius, AP3 CEO, said: “This infrastructure investment is an excellent fit for the AP3 portfolio. We have been working on the transaction for more than 18 months and are delighted to have reached this successful deal. As a large pension fund with a long-term