Fortum completes the divestment of its recycling and waste business
FORTUM CORPORATION INVESTOR NEWS 29.11.2024 AT 13:35 EET Fortum has today completed the divestment of its recycling and waste business to Summa Equity. The transaction was announced on 18 July 2024. The total consideration from the divestment is approximately EUR 800 million on a debt- and cash-free basis. Fortum will record a tax-exempt capital gain of approximately EUR 180 million. The gain will be reported as Items Affecting Comparability in the Other Operations segment’s results in the fourth quarter of 2024. The net cash flow received from the transaction is approximately EUR 720