Fortum to sell its stakes in the biobased solutions businesses in India
FORTUM CORPORATION INVESTOR NEWS 23 SEPTEMBER 2024 AT 9:00 EEST Fortum has signed an agreement to sell its 37.4% ownership in Chempolis Oy, including Fortum’s all biobased solutions businesses, and the shares in the holding company owning 40.3% in Assam Bio Ethanol Pvt Ltd in India to the Indian leading energy transition solutions provider AM Green Technology & Solutions B.V. The transaction will not have any material financial impact on Fortum Group’s result. The transactions are subject to certain closing conditions. The divestment of the biobased solutions businesses is part of