Stock exchange release
22.10.2008 at 9.15 EET
Fortum's Russian subsidiary TGC-10 de-listed from the MICEX
Following the rules and regulations of the MICEX Stock Exchange, Fortum
Corporation's Russian subsidiary, Territorial Generating Company No. 10 (TGC-10)
has been de-listed because Fortum's ownership in the company has increased over
the 90% threshold.
TGC-10 is still listed on the RTS Stock Exchange. A similar de-listing decision
is expected from RTS after 31 October 2008 unless Fortum decreases its ownership
in TGC-10 that. Fortum has no intention on doing so.
In April 2008, Fortum made a mandatory public tender offer (MTO) for the entire
share capital of Territorial Generating Company No. 10 (TGC-10) to TGC-10
minorities. At the end of September, Fortum's ownership in TGC-10 was over 93%
including shares owned by TGC-10's fully-owned subsidiary.
Senior Vice President, Communications
Kari Kautinen, Vice President, M&A, Fortum Corporation,
+358 50 453 2174
NASDAQ OMX Helsinki