FORTUM INCREASES ITS OWNERSHIP IN LENENERGO

Fortum has made an agreement on the purchase of additional shares in Russian OAO Lenenergo, by which Fortum´s ownership of the share capital and the voting rights would increase by 5.1% to 21.0%, and by 2.1% to 20.7% respectively. The transaction is subject to  the approval by Russian competition authorities, as Fortum´s ownership in Lenenergo would exceed 20%.

 

Fortum

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