Fortum concludes the sale of its 50 % stake in Fortum Oslo Varme AS
FORTUM CORPORATION STOCK EXCHANGE RELEASE 19 May 2022 AT 16.10 EEST
Release category: Other information disclosed according to the rules of the Exchange
Fortum has today concluded the sale of its 50% ownership in the district heating company Fortum Oslo Varme AS in Norway to a consortium of institutional investors of Hafslund Eco, Infranode and HitecVision. The signing of the transaction was announced on 22 March 2022.
The total consideration of the sale amounts to approximately EUR 1 billion on a cash and debt free basis and as part of the transaction, Fortum will deconsolidate a