FORTUM CORPORATION STOCK EXCHANGE RELEASE 13 May 2016 at 9:15 EEST
Fortum has made an indicative, non-binding offer to the four biggest
shareholders in Ekokem to acquire their shareholding in the company. The
biggest shareholders are Finnish State (Government ownership steering
department), Association of Finnish Local and Regional Authorities, Ilmarinen
Mutual Pension Insurance Company and Helsinki Region Environmental Services
Authority HSY, representing more than 80% of the shares.
Fortum does not estimate the timetable or the outcome.
Ekokem is a Nordic circular economy company that would fit well with Fortum's
clean energy strategy, which is focusing on providing sustainable solutions to,
for example, energy and waste issues of cities and urban areas.
Vice President, Investor Relations and Financial Communications
Sophie Jolly, Vice President, Investor Relations and Financial Communications
tel. +358 10 45 32552
Fortum's vision is to be the forerunner in clean energy. We provide our
customers with electricity, heat and cooling as well as other energy solutions
that improve present and future life. Already 64% of our electricity generation
is CO2 free. Our main markets are the Nordic and the Baltic countries, Russia,
Poland and India. In 2015, we employed some 8,000 energy sector professionals,
and our sales were EUR 3.5 billion. Fortum's share is listed on Nasdaq