FORTUM COMPLETED THE SALE OF GERMAN BUSINESSES TO E.ON

Today Fortum closed the transaction whereby it sells Fortum Energie GmbH to E.ON Energie AG in Germany for a consideration of EUR 545 million. Fortum obtained a capital gain of some EUR 140 million from this transaction.

 

The deal includes the electricity sale and supply activity of Fortum Energie and the businesses of the regional electricity distributor Elektrizitätswerk Wesertal GmbH. In 2001, Fortum Energie’s net sales amounted to some 270 million euro.  The divested companies have more than 600 employees.

 

Fortum Corporation

 

 

Carola Teir-Lehtinen

Senior Vice President, Corporate Communications

 

 

Distribution:

Helsinki Exchanges

Key media

 

 

 

For further information, please contact:

Carola Teir-Lehtinen, Senior Vice President, Corporate Communication, tel. +358 50 45 24118

Mauri Hattunen, Senior Advisor, tel. +358 50 45 29210