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Fortum: Back to the past

Analyysi 22.09.2022 11:46 Fortum

Fortum announced yesterday that it had reached an agreement with the German State on the nationalization of Uniper. Fortum will recover its EUR 8 billion financing for Uniper (loan and guarantee) and gain EUR 0.5 billion from its Uniper holding. Even though the Uniper adventure was extremely expensive, the Fortum that hatches from the solution has a relatively attractive profile and with the current electricity market outlook the balance sheet will recover quite quickly. Of course, there are still risks: final separation from Uniper, exit from Russia, windfall taxes and the sustainability of high electricity prices.  

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Trade. (Fortum)

We are a leading clean-energy company developing and offering solutions for our customers in electricity, heating, cooling, as well as solutions to improve resource efficiency. We also provide services for the power generation industry and solutions for consumers so that they can be smarter in their energy choices.