Fortum has formally notified that it objects the unlawful seizure of Russian subsidiary
FORTUM CORPORATION PRESS RELEASE 5.5.2023
Fortum has formally notified the administration of the President of the Russian Federation that it strongly objects the Decree No. 302 of 25 April 2023, based on which the Russian State Property Management, Rosimushchestvo, has seized Fortum’s Russian subsidiary PAO Fortum. With its actions, the Russian Federation has caused the dismissal of PAO Fortum’s CEO and deprived Fortum of its shareholder rights. Fortum’s power plants in Russia are the most modern and efficient in the market, and maintained to high industry standards. Fortum considers