Latest news
Hydropower drives Vattenfall, Statkraft profits, Fortum hit by reduced prices
Sweden's Vattenfall and Norway's Statkraft registered higher first-quarter earnings on Thursday, sustained by higher hydropower production, while fossil-fuel reliant Finnish Fortum's profit dropped.
read more... 29/04/2016
Fortum and Veolia will enter the bidding for EDF's Polish assets
Fortum and Veolia will join the bidding for French utility EDF's Polish heating assets, as stated in the newspaper Puls Biznesu on Friday.
read more... 04/04/2016
Finland’s Fortum will sell Swedish electricity grid for $6.9 billion
Finnish utility Fortum has decided to sell its Swedish power distribution business to a conglomerate comprising Canada's Borealis for approximately 6.6 billion euros ($6.9 billion), finalizing its withdrawal from Nordic electricity grid assets.
read more... 16/03/2015
Elering purchases from Fortum controlling stake in Estonian gas grid
Estonian electricity grid operator Elering AS will purchase a controlling stake of 27.5 million euros ($34.3 million) in the country's gas transmission system operator from Finnish utility Fortum, as stated by the companies on Monday.
read more... 11/11/2014
Fortum will start sale of Swedish grid this month
Finland's Fortum this month will initiate the auction of its Swedish power grid, estimated at approximately 6 billion euros ($7.5 billion), according to three sources familiar with the matter.
read more... 07/10/2014