Fortum has signed a bridge financing arrangement with the Finnish state to cover collateral needs in the Nordic power commodity market
FORTUM CORPORATION INSIDE INFORMATION 6 SEPTEMBER 2022 AT 9:42 EEST Fortum Corporation has agreed with its majority owner, the Finnish State (ownership 50.76%), on a bridge financing arrangement with which the company aims to ensure access to sufficient liquidity resources if power prices and, with it, collateral requirements continue to rise significantly on the Nordic commodities exchange Nasdaq. Currently, Fortum has sufficient liquid funds to meet the collateral needs. The bridge financing is put in place now in accordance with the schedule and terms set by the Finnish state, but the