Fortum places the security approved by the arbitral tribunal


On 28 August 1998, in accordance with the decision made by the arbitral tribunal appointed to review the redemption right of and the redemption price offered to Neste’s minority shareholders, Fortum Oyj has placed a security for the payment of the redemption price to Neste’s minority shareholders. The arbitral tribunal has approved the security placed by Fortum. By virtue of the Companies Act, title to the remainder of Neste’s minority shares is transferred to Fortum upon placement of the security approved by the arbitral tribunal. Accordingly, with effect from 28 August 1998, Fortum owns 100% of Neste’s share capital.


The arbitral award confirming the redemption price of Neste’s minority shares may already be issued within the first half of the month of September.


Fortum Oyj





Antti Ruuskanen

Executive Vice President, Communications





For further information:   Fortum Oyj, Harri Pynnä, Executive Vice President, Legal Affairs

tel. +358 9 6185 8206

                           Fortum Oyj, Antti Ruuskanen, Executive Vice President, Communications

tel. +358 9 6185 8207




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