Fortum sells its Norwegian electricity distribution and heat businesses
FORTUM CORPORATION STOCK EXCHANGE RELEASE 9 April 2014 at 9.00 EESTFortum has agreed to sell its Norwegian electricity distribution to the Hafslund Group, listed on the Oslo Stock Exchange, and its heat businesses in Norway to iCON Infrastructure Partners II, L.P. fund. The decision to divest the electricity distribution business in Norway is linked to the strategic assessment of the company's electricity distribution business' future alternatives in 2013. In heat business, Fortum focuses on larger urban centres with potential for combined heat and power (CHP) development. In addition,