Fortum completes the acquisition of Telge Energi AB
FORTUM CORPORATION INVESTOR NEWS 31 AUGUST 2023 AT 17:50 EEST
Fortum has today completed the acquisition of the Swedish electricity solutions provider Telge Energi AB from Telge AB. The total consideration for the entire shareholding in Telge Energi on a cash and debt-free basis was approximately SEK 450 million (EUR 38 million). The transaction was announced on 7 June.
The transaction required approvals from the municipal government and the local government council of Södertälje as well as the clearance by the European Commission.
Telge Energi will be reported in Fortum’s Consumer