Fortum partners with Infracapital to speed up charging infrastructure development and growth
FORTUM CORPORATION INVESTOR NEWS 27 APRIL 2020 9:30 EEST
Fortum has signed an agreement to sell a majority share of its public charging point operator (CPO), Fortum Recharge AS, for electrical vehicles in the Nordics to Infracapital, the infrastructure equity investment arm of M&G Plc. After the transaction Fortum’s ownership in Recharge will be 37%. Recharge is the largest CPO in the Nordics, owning close to 1,300 public charging points and operating an additional 1,400 charging points in Norway, Finland, and Sweden.
The partnership will create a shared ownership structure designed