FORTUM SELLS 51 MILLION SHARES OF ITS OWN STOCK

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.

 

 

Fortum Corporation

 

 

 

Carola Teir-Lehtinen

Senior Vice President, Corporate Communications

 

Distribution:

Helsinki Exchanges

Key media

 

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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