Today, Fortum Power and Heat Oyj, a wholly-owned subsidiary of Fortum Oyj, has placed its entire holding of 51,037,520 shares of Fortum Oyj through transactions executed on the Helsinki Exchanges. The shares represents 6.04% of all Fortum Oyj shares outstanding. The shares were placed at EUR 4.65 per share, raising total proceeds of EUR 237 million.
Fortum conducted this exercise to increase its free float and liquidity. The sale broadens Fortum´s international shareholder base and strengthens the balance sheet.
Senior Vice President, Corporate Communications
For further information:
Mikael Lilius, President & Chief Executive Officer +358 10 452 9100
Juha Laaksonen, Chief Financial Officer +358 10 452 4519
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