Fortum concludes the sale of its district heating business in the Baltics
FORTUM CORPORATION INVESTOR NEWS 2 JULY 2021 AT 18:00 EEST
Following the fulfilment of customary closing conditions, Fortum has today concluded the sale of its district heating business in the Baltics to Partners Group, as announced on 12 March 2021.
At the time of signing, the 100% enterprise value was EUR 800 million. At the time of closing the total consideration of the sale amounted to approximately EUR 710 million following pre-agreed adjustments of minorities of some EUR 50 million and other closing items. Fortum will record a tax-exempt capital gain of approximately EUR 250