Fortum to divest 500 MW of solar power plants in India – agreement with Actis for solar investments
FORTUM CORPORATION INVESTOR NEWS 22 JUNE 2021 AT 9.00 EEST
Fortum has signed an agreement to divest the 250-MW Pavagada II and the 250-MW Rajasthan solar power plants in India to Actis, a global infrastructure investment firm. The total consideration from the divestment on a debt and cash-free basis, including the effect of deconsolidating of the net debt, is expected to be approximately EUR 280 million, most of which will be recorded during 2021. The divestment is expected to have a positive impact of approximately EUR 20 million on the City Solutions segment’s results. The divestment