FORTUM CORPORATION INVESTOR NEWS 2 MARCH 2016 at 15.20 EET
Fortum received subscriptions from shareholders representing altogether 93.35%
of shares in the public tender offer to purchase all shares in Grupa DUON S.A.,
an electricity and gas sales company listed on the Warsaw Stock Exchange. The
subscription period ended on 26 February 2016 and the offered price was PLN
3.85 per share.
The planned date of the settlement of the acquisition of shares is 7 March 2016.
Fortum announced the tender offer for Grupa DUON S.A. on 8 January 2016. The
acquisition is in line with Fortum's strategy to offer and grow in sustainable
city solutions including electricity sales and related customer services.
Izabela Van den Bossche, Vice President, Corporate Communications, tel. +48 692
Investors and analysts: Sophie Jolly, Vice President, Investor Relations, tel.
+358 10 45 32552
Duon Capital Group
Duon sells electricity and natural gas. The company was founded in 2000, and it
is currently one of the leading independent providers of electricity and
natural gas in Poland. It is also a leading distributor and transporter of LNG.
In 2014, its revenues were PLN 636 million (EUR 152 million) and EBITDA PLN 36
million (EUR 9 million). Currently it employs approximately 600 people. The
company has been listed on the Warsaw Stock Exchange since 2007 (DUO:WSE).
Fortum in Poland
Fortum has been operating in Poland since 2003. It currently has three combined
heat and power (CHP) plants and over 800 km of district heating networks, which
serve around 360,000 households in the cities of Płock, Wrocław, Częstochowa,
Zabrze and Bytom. The overall power generation capacity is over 200 MW and heat
generation capacity over 1,100 MW. Fortum is currently building a new
multi-fuel CHP plant in Zabrze with the investment value of approximately EUR
200 million. The company has about 600 employees in Poland.
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