Inside information: Fortum to sell its recycling and waste business to Summa Equity for approximately EUR 800 million
FORTUM CORPORATION INSIDE INFORMATION 18 JULY 2024 AT 9:00 EEST Fortum has today signed an agreement to sell its recycling and waste business to the thematic impact investment firm, Summa Equity through its portfolio company NG Group. The total consideration on a debt- and cash-free basis is approximately EUR 800 million. Based on the balance sheet available at signing, Fortum would record a tax-exempt capital gain of approximately EUR 110 million, however, the final capital gain will depend on the balance sheet value at closing. The gain will be reported as Items Affecting Comparability