Tillkännagivande • Apr 02
Fortum Oyj Approves Dividend for Year Ended 31 December 2025, Payable on 14 April 2026 Fortum Oyj announced that Annual General Meeting was held on 31 March 2026 approved dividend of EUR 0.74 per share will be paid for the financial year that ended on 31 December 2025, which corresponds to EUR 663,975,704 in total. The remaining part of the distributable funds will be retained in the unrestricted equity of the Company. The dividend will be paid to shareholders who on the record date of the dividend payment 2 April 2026 are recorded in the shareholders' register of the Company held by Euroclear Finland Oy. The dividend will be paid to the shareholders on 14 April 2026. Tillkännagivande • Apr 01
Fortum Oyj Elects Mika Anttonen and Emmanuelle Verger-Chabot as Board Members Fortum Oyj at Annual General Meeting on 31 March 2026 approved election of Mika Anttonen and Emmanuelle Verger-Chabot as new board members. Tillkännagivande • Dec 19
Fortum Oyj Announces Non-Availability of Teppo Paavola for Re-Election as Board Member Fortum Oyj announced that Teppo Paavola, who has been a Board member since 2020, is not available for re-election. Tillkännagivande • Nov 29
Fortum Oyj (HLSE:FORTUM) completed the acquisition of unknown majority stake in ABO Energy Suomi Oy from ABO Energy GmbH & Co. KGaA (XTRA:AB9) for approximately €65 million. Fortum Oyj (HLSE:FORTUM) agreed to acquire an unknown majority stake in ABO Energy Suomi Oy from ABO Energy GmbH & Co. KGaA (XTRA:AB9) for approximately €70 million on July 23, 2025. A cash consideration of €42.2 million will be paid by Fortum Oyj. As part of consideration, €42.2 million is paid towards common equity of ABO Energy Suomi Oy. The purchase price is paid on debt-and-cash-free basis. In addition to the purchase price, the transaction includes earn-out payments in the coming years which are subject to projects successfully reaching a final investment decision in the future.
The Transaction is subject to customary closing conditions including obtaining the necessary regulatory approvals in the relevant jurisdictions. Closing is expected in the fourth quarter of 2025.
Fortum Oyj (HLSE:FORTUM) completed the acquisition of unknown majority stake in ABO Energy Suomi Oy from ABO Energy GmbH & Co. KGaA (XTRA:AB9) for approximately €65 million on November 28, 2025. Tillkännagivande • Aug 11
Fortum Oyj, Annual General Meeting, Mar 31, 2026 Fortum Oyj, Annual General Meeting, Mar 31, 2026. Tillkännagivande • Jul 02
Fortum Oyj (HLSE:FORTUM) completed the acquisition of Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL). Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) for PLN 120 million on April 24, 2025. Under the terms approximately PLN 90 million will be paid in cash and an agreed earn-out, the remaining amount will be settled by the beginning of 2029 based on achieved electricity sales volume targets.
In 2024, Orange Energia Sp. z.o.o. reported loss before interest, tax, depreciation and amortization of PLN 22 million.
The transaction is subject to approval by the Office of Competition and Consumer Protection and the transaction remains contingent on regulatory approval. The transaction is subject to customary closing conditions. The expected completion of the transaction is in June or July 2025.
Pawel Zdort, Marek Durski, Lukasz Lech, Iwona Her, Tomasz Kordala of Rymarz Zdort Maruta acted as legal advisor to Fortum Oyj. Pawel Bajno of Bajno, Dubij, Pasternak - Radcowie Prawni Kancelaria Prawnicza sp.p. acted as legal advisor to Orange Polska S.A. Ernst & Young Polska spólka z ograniczona odpowiedzialnoscia sp.k., Investment Banking Arm led by Sebastian Jasinowski acted as financial advisor to Orange Polska S.A. Valor Partners Oy led by Jonas Seemer acted as financial advisor to Fortum Oyj. PricewaterhouseCoopers Oy acted as accountant to Fortum Oyj.
Fortum Oyj (HLSE:FORTUM) completed the acquisition of Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) on June 30, 2025. Tillkännagivande • Jun 13
Fortum Oyj Announces Appointments to the Nomination Board Fortum Corporation has appointed the following members to its Shareholders' Nomination Board: Maija Strandberg, Director General, Prime Minister's Office, Ownership Steering Department (Chair); Mikko Mursula, Chief Investment Officer, Deputy CEO, Ilmarinen Mutual Pension Insurance Company; and Risto Murto, President and CEO, Varma Mutual Pension Insurance Company. In accordance with the charter of the Fortum Shareholders' Nomination Board, three members are appointed each year, with the company's three larger shareholders as of the first working day of June entitled to appoint one member each. The Chair of Fortum's Board of Directors, Mikael Silvennoinen, will serve as an expert to the Nomination Board without the right to vote. The Nomination Board prepares and presents proposals on the remuneration, number, and members of the Board of Directors to the Annual General Meeting. Tillkännagivande • May 01
Hexa Climate Solutions Private Limited acquired Fortum India Pvt. Ltd. from Fortum Oyj (HLSE:FORTUM). Hexa Climate Solutions Private Limited acquired Fortum India Pvt. Ltd. from Fortum Oyj (HLSE:FORTUM) on April 30, 2025. Under the terms of the transaction, Hexa Climate Solutions has acquired a 100% stake in Fortum India Pvt. Ltd (FIPL), including its 40-member team, its 206MW commercial and industrial (C&I) renewable energy portfolio and approximately 600MW of ready-to-build renewable projects. With this acquisition, Hexa Climate reinforces its strong 2.5 GW development pipeline and strengthens its position as a leading climate-focused platform. There were five bidders in the sales process run by EY, including Japan’s Marubeni Corp., Dutch pension fund APG, and infrastructure fund manager AP Moller Capital. A total of 10 companies including steel and mining major ArcelorMittal had signed non-disclosure agreements (NDA) for the transaction termed as project Samsara.
Hexa Climate Solutions Private Limited completed the acquisition of Fortum India Pvt. Ltd. from Fortum Oyj (HLSE:FORTUM) on April 30, 2025. Tillkännagivande • Apr 25
Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) for PLN 120 million. Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire Orange Energia Sp. z.o.o. from Orange Polska S.A. (WSE:OPL) for PLN 120 million on April 24, 2025. Approximately PLN 90 million will be paid in cash. According to an agreed earn-out, the remaining amount will be settled by the beginning of 2029 based on achieved electricity sales volume targets.
In 2024, Orange Energia Sp. z.o.o. reported loss before interest, tax, depreciation and amortization of PLN 22 million.
The transaction is subject to customary closing conditions. The expected completion of the transaction is June 1, 2025 to July 31, 2025. Tillkännagivande • Apr 03
Fortum Corporation Announces Committee Changes At its meeting held after the Annual General Meeting, Fortum Corporation's Board of Directors elected, from among its members, Mikael Silvennoinen as Chair, and Luisa Delgado and Teppo Paavola as members to the People and Remuneration Committee. Furthermore, the Board elected Vesa-Pekka Takala as Chair and Mikael Silvennoinen and Stefanie Kesting as members to the Audit and Risk Committee. In addition, the Board elected Ralf Christian as Chair and Jonas Gustavsson, Marita Niemelä and Johan Söderström as members to the Technology and Investment Committee. Tillkännagivande • Mar 25
Fortum Concludes New Nuclear Feasibility Study and Continues to Develop Nuclear as A Future Option Fortum has concluded its extensive feasibility study exploring the commercial, technological, and societal prerequisites for new nuclear in Finland and Sweden. The two-year study covered both small modular reactors (SMRs) and conventional large reactors, and involved in depth discussions with several technology vendors, potential partners and customers as well as societal stakeholders. Fortum will now continue to develop its capabilities to have new nuclear as an option to meet future customer demand in the Nordics in the longer term. In addition, Fortum sees the development work as a step in preparing for the eventual replacement of the existing nuclear capacity. Most large industrial customers value a stable electricity supply profile and want to secure deliveries with long-term contracts, which nuclear power already provides. Maintaining a balanced power mix brings also benefits to security of supply and stability for all customers and society. At the same time, the main risks of new nuclear projects relate to the long construction times, high capital requirements, and market price of electricity post commissioning. A conclusion of Fortum's study is that with the current power market outlook, new nuclear is not economically viable on a merchant basis only. However, based on the analysis Fortum conducted and based on newbuild projects ongoing in other western countries, new nuclear projects can be manageable with a solid risk sharing framework - like the one being prepared by the Swedish government - when matched with increased customer demand. An important part of de-risking new nuclear is also regulatory harmonization and political stability beyond electoral cycles on both EU and national levels. Crucially, nuclear power should be treated on equal footing with other clean production technologies when it comes to financing and as raw material for low-carbon products such as hydrogen, fertilizers and clean steel. In addition, maintaining a sound operating environment for existing nuclear operations is essential for anyone considering future investments. During the feasibility study, Fortum's nuclear experts spent thousands of hours evaluating different large and small modular reactor (SMR) designs together with vendors. Fortum will now continue to deepen the collaboration with two conventional reactor technology providers, EDF and Westinghouse-Hyundai, and one SMR developer, GE-Hitachi. Tillkännagivande • Feb 27
Fortum Oyj (HLSE:FORTUM) acquired Project development portfolio for renewable power of Enersense Wind Oy from Enersense Wind Oy for for €83.3 million. Fortum Oyj (HLSE:FORTUM) signed a share purchase agreement to acquire Project development portfolio for renewable power of Enersense Wind Oy from Enersense Wind Oy for €83.3 million on December 19, 2024. The Transaction consists of a fixed cash and debt-free purchase price of €9.25 million and a variable price up to €74 million, which is based on the progress of the wind and solar power development projects covered by the Transaction, and any payment will be subject to individual projects reaching a final investment decision made by Fortum. The fixed purchase price will be paid in cash at completion of the Transaction.
For the period ending December 31, 2023, Project development portfolio for renewable power of Enersense Wind Oy reported total revenue of €10.1 million.
The transaction is expected to be completed by the end of the first quarter in 2025 and it is subject to customary closing conditions.
Fortum Oyj (HLSE:FORTUM) completed the acquisition of Project development portfolio for renewable power of Enersense Wind Oy from Enersense Wind Oy on February 26, 2025. Any payment related to the Earn-Out would be paid in instalments on a per project basis. No Earn-Out will be paid for any projects that do not reach the final investment decision in 15 years from the closing date. Enersense estimates a probability-weighted Earn-Out of EUR 33 million. Further, Enersense estimates that the potential Earn-Out cash flow of the Transaction could be generated earliest starting from 2027. Tillkännagivande • Feb 12
Fortum Conducts Feasibility Study to Explore Prerequisites for New Pumped Hydro Storage Fortum has initiated a two-year feasibility study to explore prerequisites for new pumped hydro storage plants. The company will examine commercial, technological, environmental and regulatory conditions for new pumped hydro storage plants in Sweden. The feasibility study will focus on thorough assessments of three areas in Sweden and will explore whether building new pumped hydro storages fulfil Fortum’s criteria of economic viability and environmental requirements while contributing to security of energy supply for the society. The geographic focus of the feasibility study are in three areas: in Lekstjärnen, next to Fortum’s hydropower plant in Trängslet in Dalarna County, and Bastvålen and Höljessjön in Värmland County. Already Fortum operates three pumped storage power plants; Kymmen, Letten and Eggsjön in Värmland, Sweden. The installed capacity of Fortum’s existing pumped storage plants in Sweden is 89.5 MW. The future potential power increase from pumped storage plants will be analyzed in the feasibility study. The objectives of the feasibility study are in line with Fortum’s strategy to provide reliable clean energy and drive de-carbonisation in industries in the Nordics, and to contribute to a successful energy transition which supports the competitiveness of the Nordic region going forward. The volatility in the power market will increase as the share of weather-dependent renewables increases in the energy system. The role of flexible solutions, such as flexible pumped hydro storage, will be crucial in an expanding energy system to meet the increasing electricity demand, balance the energy system and help mitigate short-term changes in demand. Tillkännagivande • Jan 02
Elcoline Group Oy completed the acquisition of Turbine and generator services businesses from Fortum Oyj (HLSE:FORTUM). Elcoline Group Oy agreed to acquire Turbine and generator services businesses from Fortum Oyj (HLSE:FORTUM) on November 1, 2024. The turbine and generator services businesses are located in Finland, Sweden and Germany and currently employ approximately 170 employees. The divestment is part of Fortum’s ongoing strategic review of its Circular Solutions businesses. The Circular Solutions businesses are not in the core of Fortum’s strategy. The transaction will not have any material financial impact on Fortum Group’s result. The transaction is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2024.
Elcoline Group Oy completed the acquisition of Turbine and generator services businesses from Fortum Oyj (HLSE:FORTUM) on December 31, 2024. TGS had had a turnover of €32 million in 2023. Elcoline has received the necessary regulatory approvals to complete the acquisition, and all other closing conditions have been fulfilled. Tillkännagivande • Dec 18
Fortum Announces Executive Appointments Fortum appointed Ms Kati Levoranta as Executive Vice President, Legal, General Counsel and Ms Karin Svenske Nyberg as Executive Vice President, People. Both Ms Levoranta and Ms Svenske Nyberg will become members of the Fortum Leadership team and will be reporting to the President and CEO, Markus Rauramo. Until they join Fortum, there are internal arrangements in place in both functions to guarantee a successful interim period. Ms Levoranta (54), LL.M, MBA, joins Fortum from P2X Solutions Oy, where she currently holds the position of Chief Operating Officer. Ms Levoranta has vast business and legal leadership experience from among others Rovio, Nokia, and Dittmar & Indrenius. She will start in her new role at Fortum latest on 1 July 2025.Ms Svenske Nyberg (58), MSc, joins Fortum from consulting, where she currently assists large industrial companies who need senior competences in human resources. Ms Svenske Nyberg has extensive experience from HR leadership positions in international listed companies especially in Sweden, among others Elekta, Clas Ohlson and Stora Enso. She will start in her new role at Fortum on 1 May 2025. Tillkännagivande • Sep 24
AM Green Technology and Solutions B.V acquired Chempolis Oy/all biobased solutions businesses of Fortum/Assam Bio Ethanol Pvt Ltd from Fortum Oyj (HLSE:FORTUM). AM Green Technology and Solutions B.V acquired Chempolis Oy/all biobased solutions businesses of Fortum/Assam Bio Ethanol Pvt Ltd from Fortum Oyj (HLSE:FORTUM) on September 23, 2024. The specific terms of the transaction agreed upon among AM Green, Fortum and Chempolis, will see Fortum sell its 37.4% ownership in Chempolis, 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. As part of the AM Green deal, Fortum will divest its biobased solutions business (Bio2X) to Chempolis. Tillkännagivande • Aug 08
Fortum Oyj, Annual General Meeting, Apr 01, 2025 Fortum Oyj, Annual General Meeting, Apr 01, 2025. Tillkännagivande • Jul 30
Fortum Reportedly to Sell Majority Stakes in Renewable, EV Charging Businesses in India Fortum Oyj (HLSE:FORTUM) has engaged EY and London-based Opus Corporate Finance LLP to oversee the sale of majority stakes in its Indian renewable energy platform and electric vehicle (EV) charging network, respectively. Known respectively as Fortum India Pvt. Ltd. (FIPL) and GLIDA, the two assets are part of Fortum's strategic shift to focus on its core Nordic markets amid geopolitical challenges. The deals have an equity value of approximately $300 million (around INR 27,000 million), according to two individuals familiar with the development. The first transaction, termed "Project Samsara", involves Fortum divesting its majority stake in FIPL, the management company responsible for spearheading the utility's renewable energy initiatives in India, and a $300 million investment for future projects. FIPL is currently developing a 200 megawatts (MW) commercial and industrial (C&I) solar-wind hybrid project, with an additional 600 MW of ready-to-build projects in the pipeline. The second transaction, dubbed "Butterfly," focuses on GLIDA, formerly known as Fortum Charge & Drive India Pvt. Ltd. This entity operates around 850 EV charging points across India. This divestment strategy coincides with AM Green's plans to acquire Fortum Oyj's and Chempolis Oy's 50% stake in their joint venture, Assam Bio Refinery Pvt Ltd, along with the Finnish biotechnology firm Chempolis Oy, as previously reported by Mint. The move signals Fortum's broader strategy to streamline its operations and focus on core markets. "Fortum is seeking an investor in its Indian renewable energy business in a mix of secondary sale and primary infusion. It is also looking to sell stake in its EV charging business," said one of the two people cited above requesting anonymity. The proposed sales come in the wake of the war in Ukraine, which led to disruptions in gas supply and significant losses for Fortum's majority-owned subsidiary, Uniper, which was subsequently sold to the German government at a loss of around €6 billion. Additionally, the Russian Federation seized Fortum's Russian assets, valued at approximately €5 billion. These events have forced Fortum, the third-largest Nordic utility, to
refocus its strategy, concentrating on its core Nordic market and reducing its presence in other regions, including India. Fortum India president Sanjay Aggarwal declined to comment on the developments. An EY spokesperson also refrained from commenting, while a Fortum Corp. spokesperson, in an emailed response, said, "As a stock listed company, we do not comment on any market rumours or speculations". Tillkännagivande • Jun 28
Fortum Announces Executive Resignations Fortum announced that Nora Steiner-Forsberg, Executive Vice President, Legal, General Counsel, and Eveliina Dahl, Executive Vice President, People and Procurement, will leave Fortum latest at the end of 2024 to take positions in other companies. The recruitment of Nora Steiner-Forsberg's and Eveliina Dahl's successors will start immediately. Tillkännagivande • Jun 27
Fortum Oyj Announces Resignation of Bernhard Gunther as Chief Transformation Officer and Member of Leadership Team Fortum Oyj announced Bernhard Gunther, Chief Transformation Officer and member of the company Leadership Team, will leave the company at the end of 2024 by mutual agreement. Tillkännagivande • Jun 08
Fortum Oyj Announces Appointment to Shareholders' Nomination Board 2024-2025 Fortum Oyj announced the following members have been appointed to Fortum Shareholders' Nomination Board: Maija Strandberg, Director General, Prime Minister's Office, Ownership Steering Department (Chair), Jouko Pölönen, President and CEO, Ilmarinen Mutual Pension Insurance Company, and Risto Murto, President and CEO, Varma Mutual Pension Insurance Company. In accordance with the updated charter of the Shareholders' Nomination Board, the Chair of Fortum's Board of Directors Mikael Silvennoinen will serve as expert to the Nomination Board without right to vote. The now appointed Nomination Board will forward its proposals for the 2025 Annual General Meeting to the Board of Directors by 31 January 2025. Tillkännagivande • Feb 07
Fortum Proposes Dividend for the Year 2023, Payable on 5 April 2024 and 9 October 2024 Respectively For the year 2023, Fortum's Board of Directors proposed a dividend of EUR 1.15 per share which corresponds to 90% of the Groups comparable EPS of EUR 1.28. The first dividend instalment of EUR 0.58 per share would be paid to shareholders who on the record date of the first dividend instalment 27 March 2024 are recorded in the Company's shareholders' register held by Euroclear Finland Oy. The Board of Directors proposed that the first dividend instalment be paid on 5 April 2024. The second dividend instalment of EUR 0.57 per share would be paid to the shareholders who on the record date of the second dividend instalment 2 October 2024 are recorded in the Company's shareholders' register held by Euroclear Finland Oy. The Board of Directors proposed that the second dividend instalment be paid on 9 October 2024. Tillkännagivande • Jan 31
Fortum Announces Maija Strandberg Not to Stand for Election to the Board of Directors Fortum announced that Maija Strandberg has informed the Shareholders' Nomination Board that she is not available for election to the Board of Directors for the new term. Tillkännagivande • Jan 23
Fortum Launches Green Finance Framework Fortum has established a Green Finance Framework to further integrate the company's sustainability ambitions into its financing. The framework supports execution of Fortum's strategy to deliver clean energy reliably, drive decarbonisation in industries in the Nordics and transform and develop. The Green Finance Framework allows Fortum to raise capital via green bonds and loans (Green Debt) to refinance and finance renewable energy and energy efficiency projects, and/or nuclear power projects. Fortum will always inform at issuance if it intends to finance any nuclear power generation projects with the proceeds of a given Green Debt instrument. Projects financed by Green Debt may include fixed assets, capital expenditures and/or operational expenditures (including R&D expenditures). Tillkännagivande • Nov 23
Actis, Edelweiss, Petronas Reportedly Eye Fortum JV's Solar Assets Infrastructure investors Actis LLP and Edelweiss Financial Services Limited (NSEI:EDELWEISS) and Malaysian state oil company Petroliam Nasional Berhad are in talks to acquire a portfolio of 185 megawatts (MW) of solar assets in India owned by Finnish utility Fortum Oyj (HLSE:FORTUM) and co-investors for an enterprise value of at least $150 million, two people aware of the development told ET. ET first reported on April 25 that Kotak Mahindra Capital Company Limited had been appointed to find buyers for the solar portfolio. Tillkännagivande • Sep 02
Fortum Oyj Announces Appointment to Shareholders' Nomination Board Fortum Oyj announced the following members have been appointed to Fortum Shareholders' Nomination Board: Ms. Minna Pajumaa, Senior Ministerial Adviser, Financial Affairs, Prime Minister's Office, Ownership Steering Department (Chair), Mr. Jouko Pölönen, President and CEO, Ilmarinen Mutual Pension Insurance Company, Mr. Risto Murto, President and CEO, Varma Mutual Pension Insurance Company, and Mr. Mikael Silvennoinen, Chair of Fortum Board of Directors. Tillkännagivande • Aug 18
ONGC, Four Others Reportedly Vie for Fortum Projects Oil and Natural Gas Corporation Limited (NSEI:ONGC) is in the fray for Finnish state-run power utility Fortum Oyj (HLSE:FORTUM)’s Indian solar projects totaling 185 megawatts (MW), two people familiar with the matter said, adding that the deal may have an equity value of around $130 million. Others in the race include Malaysia's state-run oil and gas company, Petronas unit Gentari Sdn. Bhd., Singapore's Sembcorp Industries Ltd. (SGX:U96), Edelweiss Infrastructure Yield Plus Fund's Sekura Energy Limited, and private equity firm Actis LLP. The five bidders were shortlisted from 11 non-binding offers that were submitted, the people said on condition of anonymity. Kotak Investment Banking is managing the transaction, which is estimated at an enterprise value of around $200 million. The deal has seen significant interest since buyers of power from these projects having AA+ rating include state-run entities such as Solar Energy Corporation of India Limited, NTPC Limited (NSEI:NTPC) and NTPC Vidyut Vyapar Nigam Ltd. "The sale process has entered the second phase with shortlisted bidders doing due diligence," said one of the two people cited above. Sanjay Aggarwal, the president of Fortum India Pvt. Ltd, declined to comment. Spokespeople for Kotak Investment Banking, ONGC, Petronas, Gentari, Sembcorp, and Edelweiss did not respond to queries emailed on August 13, 2023 afternoon. An Actis spokesperson declined to comment. The stake sale is part of Fortum's strategy to take risks early on and eventually monetize projects to raise capital for new ventures. Tillkännagivande • Aug 03
Fortum Oyj (HLSE:FORTUM) entered into a business transaction to acquire Slag processing business of GRK Suomi. Fortum Oyj (HLSE:FORTUM) entered into a business transaction to acquire Slag processing business of GRK Suomi on July 31, 2023. GRK has served its customers first-class in the processing of bottom ash. Fortum continues GRK's high-quality service business towards customers without interruption. Tillkännagivande • Jun 08
Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire 100% stake in Telge Energi AB from Telge (I Södertälje) Ab for SEK 450 million. Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire 100% stake in Telge Energi AB from Telge (I Södertälje) Ab for SEK 450 million on June 7, 2023.The transaction is subject to clearance by the Swedish Competition Authority and approval by the municipal government and the local government council of the Södertälje municipality. Telge AB is owned by the Södertälje municipality. The closing of the transaction is expected during the third quarter of 2023. Tillkännagivande • Dec 05
Fortum Oyj to Report Fiscal Year 2022 Results on Mar 02, 2023 Fortum Oyj announced that they will report fiscal year 2022 results at 9:00 AM, E. Europe Standard Time on Mar 02, 2023 Tillkännagivande • Apr 29
Fortum Oyj Approves Dividend for the Financial Year Ended on 31 December 2020, Payable on 7 May 2021 Fortum Oyj announced that in accordance with the proposal of the Board of Directors, the Annual General Meeting resolved that a dividend of EUR 1.12 per share will be paid for the financial year that ended on 31 December 2020, which corresponds to EUR 994,889,801 in aggregate, and that the remaining part of the distributable funds sheet shall be retained in the shareholders' equity. The dividend will be paid to shareholders who on the record date of the dividend payment 30 April 2021 are recorded in the company's shareholders' register held by Euroclear Finland Oy. The dividend will be paid on 7 May 2021. Tillkännagivande • Mar 14
Fortum Oyj Proposes Dividend for the Year 2020 Fortum proposes a dividend of EUR 1.12 per share for the financial year 2020, an increase from the stable dividend the company has been paying for several years. Tillkännagivande • Feb 16
Brookfield, Two Others Reportedly Bid for Fortum's Assets Brookfield Asset Management Inc. (TSX:BAM.A), Actis LLP and Edelweiss Infrastructure Yield Plus Fund's Sekura Energy Limited have offered to buy a majority stake in Finnish state-run power utility Fortum Oyj (HLSE:FORTUM)'s 500 megawatts (MW) solar projects in India in a deal estimated at about half a billion euros, said two people aware of the development. The three parties have submitted three separate non-binding bids for the deal, which is expected to be completed by March 2021,the people cited above said, requesting anonymity. Kotak Investment Banking is managing the sale process. "The bids have been placed, and there has been substantive interest in these assets. The sale process is expected to be completed by March," one of the two people cited above said, requesting anonymity. Sanjay Aggarwal, Managing Director of Fortum India Pvt. Ltd., declined to comment. Spokespeople for Brookfield and Edelweiss also declined to comment. Queries emailed to spokespeople for Kotak Investment Banking and Actis on February 12, 2021 remained unanswered. Tillkännagivande • Jan 29
Fortum Oyj Announces Board Appointments Fortum Oyj appointed Veli-Matti Reinikkala is proposed to be elected as Chairman and Klaus-Dieter Maubach as Deputy Chairman of the Board of Directors. Tillkännagivande • Jan 15
NextOil Oy acquired clear waste oil recycling and product sales operations from Fortum Oyj (HLSE:FORTUM). NextOil Oy acquired clear waste oil recycling and product sales operations from Fortum Oyj (HLSE:FORTUM) in December 2020. Financing of this transaction came from Swedbank.
NextOil Oy completed the acquisition of clear waste oil recycling and product sales operations from Fortum Oyj (HLSE:FORTUM) in December 2020. Tillkännagivande • Dec 20
Fortum Corporation Appoints Bernhard Günther as Member of the Executive Management Team, Effective 1 February 2021 Fortum Corporation has appointed Bernhard Günther as member of the Executive Management Team as of 1 February 2021. Most recently, he served as the CFO and Chief Human Resources Officer of innogy SE. Prior to that, Bernhard Günther served in various other senior leadership positions in the power and gas business, latest as CFO in the RWE Group. Bernhard Günther is a member of both the Supervisory Board of Fortum’s subsidiary Uniper as well as the German technology company Thyssenkrupp AG. Tillkännagivande • Dec 19
Fortum Corporation Appoints Bernhard Günther as Chief Financial Officer, Effective February 1, 2021 Fortum Corporation appointed Bernhard Günther as Chief Financial Officer (CFO), effective February 1, 2021. Bernhard Günther, a German national, has an impressive track-record in the energy industry, covering all areas of finance. Most recently, he served as the CFO and Chief Human Resources Officer of the renewables, network and retail company innogy SE that was acquired by and merged into EON in 2020. Tillkännagivande • Dec 06
Actis and Brookfield Asset Management Reportedly Among Front Runners for Fortum Oyj's 500 MW Indian Solar Projects Actis LLP and Brookfield Asset Management Inc. (TSX:BAM.A) have emerged among the front runners for acquiring a majority stake in Fortum Oyj (HLSE:FORTUM)'s 500 megawatt (MW) Indian solar projects, said two people aware of the development. The stake sale deal by the third-largest Nordic utility, potentially valued at about EUR 500 million, is set to rank among the largest in India's green energy space, with Kotak Mahindra Capital Company Limited running the sale process. Sanjay Aggarwal, Managing Director, Fortum India Pvt. Ltd. declined comment. These projects for stake sale are to be brought under a new platform wherein the new investor will put in a significant equity contribution. This new platform co-funded by Fortum is expected to develop around 500 MW every year in India and overseas. Spokespersons for Actis Llp and Brookfield Asset Management Inc. declined comment. Queries emailed to a Kotak Investment Banking spokesperson on late December 2, 2020 evening remained unanswered. Tillkännagivande • Nov 17
Fortum Oyj to Report Q3, 2021 Results on Nov 12, 2021 Fortum Oyj announced that they will report Q3, 2021 results at 9:00 AM, E. Europe Standard Time on Nov 12, 2021 Tillkännagivande • Aug 21
Infracapital Partners III (Euro) SCSp managed by Infracapital completed the acquisition of 63% stake in Fortum Recharge AS from Fortum Oyj (HLSE:FORTUM) for €87 million. Infracapital Partners III (Euro) SCSp managed by Infracapital signed an agreement to acquire 63% stake in Fortum Recharge AS from Fortum Oyj (HLSE:FORTUM) on April 27, 2020. The enterprise value corresponding to 100% of Recharge is approximately €140 million. Upon completion of the transaction, Fortum will still hold the remaining 37% stake in Fortum Recharge. The transaction is expected to close in the second quarter of 2020. Frank Verbeek, Dominique Houde, Sherief Rahim and Michael Wilhelm of Drake Star Partners acted as financial advisor to Fortum Recharge AS. Lazard AB acted as financial advisor to Infracapital.
Infracapital Partners III (Euro) SCSp managed by Infracapital completed the acquisition of 63% stake in Fortum Recharge AS from Fortum Oyj (HLSE:FORTUM) for €87 million on May 29, 2020. The consideration was paid in cash. Tillkännagivande • Aug 20
Vantaan Energia Oy, Infranode and Keva completed the acquisition of District heating business of Fortum Oyj in south Finland from Fortum Oyj. Vantaan Energia Oy, Infranode and Keva agreed to acquire District heating business of Fortum Oyj in south Finland from Fortum Oyj on a debt and cash-free basis for approximately €380 million on July 03, 2020. The operations currently employ three Fortum employees, who will transfer with the business as old employees. The transaction is subject to customary closing conditions and is expected to be completed in the third quarter of 2020.
Vantaan Energia Oy, Infranode and Keva completed the acquisition of District heating business of Fortum Oyj in south Finland from Fortum Oyj on August 19, 2020. Tillkännagivande • Jul 10
Lowell Group Limited agreed to acquire Solvencia AS from Fortum Oyj (HLSE:FORTUM). Lowell Group Limited agreed to acquire Solvencia AS from Fortum Oyj (HLSE:FORTUM) on July 9, 2020. The transaction is not subject to any formal approvals. The transaction is expected to close in September, 2020. Advokatfirmaet Selmer acted as the legal advisor and EY acted as an accountant for Lowell Group Limited.