Fortum to sell remaining ownership in charging point operator Recharge AS to Infracapital
FORTUM CORPORATION INVESTOR NEWS 10 JUNE 2022 AT 9:00 EEST Fortum is selling its 30% ownership in Recharge AS (Recharge), a public charging point operator (CPO) for electric vehicles, to Infracapital, the infrastructure equity investment arm of M&G Plc. Upon completion, Infracapital will own 100% of Recharge, which is the largest charging network in the Nordic region with more than 4,600 connectors at 830 locations. The transaction price is approximately EUR 80 million. Recharge is one of the first startups in Fortum’s Valkea Growth Club’s portfolio. Valkea supports startups and