FORTUM'S OWNERSHIP INCREASE IN LENENERGO APPROVED

Fortum has received final approval from the Russian competition authorities to increase Fortum's ownership to 20.7 % of the voting shares in the Russian OAO Lenenergo. The approval is related to the share purchase agreement signed in February 2004. 

 

The amount purchased corresponds to 5.1 % of share capital and 2.1 % of voting rights. After the completion of the purchase Fortum's ownership will increase to 21.0 % of share capital and 20.7 % of the voting rights.

 

Fortum Corporation
Corporate Communications