FORTUM CORPORATION INVESTOR NEWS 19 AUGUST 2020 AT 17:00 EEST
Fortum has today concluded the sale of its district heating business in the Järvenpää-Tuusula area in Finland to a consortium consisting of Vantaa Energy Ltd, Infranode, and Keva, as announced on 3 July 2020.
The total consideration of the sale on a debt- and cash-free basis is approximately EUR 375 million. Fortum will record a tax exempt capital gain of approximately EUR 290 million in the City Solutions segment's third-quarter 2020 results.
Fortum Corporation
Ingela Ulfves, VP, IR and Financial Communications
Further information:
Media:
Timo Piispa, Head of Heating & Cooling Finland, tel. +358 50 453 2758
Investors & analysts:
Ingela Ulfves, VP, IR and Financial Communications, tel. +358 40 5151 531
Måns Holmberg, Manager, IR and Financial Communications, tel. +358 44 518 1518
Rauno Tiihonen, IR Manager, tel. +358 10 453 6150