Fortum Corporation Stock Exchange Release 21 September 2006
Fortum to sell industrial maintenance services to CapMan
Fortum is to sell its business in charge of industrial maintenance services.
Fortum Service and the funds managed by CapMan have signed an agreement under
which the funds will purchase the Industrial Services business, which operates
Finland and Sweden, for an undisclosed sum.
Some 900 employees will transfer in connection with the deal, approximately 700
of whom work in Finland and 200 in Sweden.
"This deal is part of Fortum's strategy, according to which Fortum Service in
future concentrates mainly on operation and maintenance services for the energy
industry as well as special services," says Kim Kronstedt, President, Fortum
The deal requires the approval of the Finnish and Swedish competition
Senior Vice President, Corporate Communications
Kim Kronstedt, President, Fortum Service, tel. +358 50 452 9133
Leena Niemi, Vice President, Communications, Fortum Service, tel. +358 50 452
Helsinki Stock Exchange