As announced earlier, Fortum is currently evaluating possibilities to divest its electricity distribution business in Sweden. Process continues according to plan and Fortum is starting the evaluation of the interest on the market. Fortum has not made any decisions on the business' future or the schedule of the process.
Fortum originally announced the completion of the strategic assessment of its electricity distribution business in December 2013. The sale of the Finnish business was announced at the same time. The sale of the Norwegian business was announced in April 2014.
Fortum Corporation
Helena Aatinen
Senior Vice President, Corporate Communications
Further information:
www.fortum.com
Background information for news desks:
Fortum owns and operates electricity distribution and regional networks and distributes electricity to a total of 903,000 customers in Sweden. The Swedish Distribution’s comparable operating profit was EUR 239 million on last 12 months basis at the end of the second quarter 2014. This was approximately 18% of Fortum's total comparable operating profit. The Swedish Distribution’s net assets at the end of the second quarter 2014 totalled EUR 2,642 million. The business employs approximately 380 persons.
Fortum
Fortum’s purpose is to create energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Our operations focus on the Nordic and Baltic countries, Russia and Poland. In 2013, Fortum’s sales totalled EUR 6.1 billion and comparable operating profit was EUR 1.6 billion. We employ approximately 8,800 people. Fortum’s shares are traded on the NASDAQ OMX Helsinki. www.fortum.com