Fortum concludes the sale of its district heating business in Järvenpää, Finland
FORTUM CORPORATION INVESTOR NEWS 19 AUGUST 2020 AT 17:00 EEST Fortum has today concluded the sale of its district heating business in the Järvenpää-Tuusula area in Finland to a consortium consisting of Vantaa Energy Ltd, Infranode, and Keva, as announced on 3 July 2020. The total consideration of the sale on a debt- and cash-free basis is approximately EUR 375 million. Fortum will record a tax exempt capital gain of approximately EUR 290 million in the City Solutions segment’s third-quarter 2020 results. Fortum Corporation Ingela Ulfves, VP, IR and Financial Communications