The Ministry of Trade and Industry has today given the following announcement:
The Ministry of Trade and Industry has initiated a review of its strategic options with regard to expanding the shareholder base of Fortum Corporation (‘Fortum’), the Nordic energy company. The Finnish Government has authorisation from Parliament to reduce the State’s shareholding in Fortum to no less than 50.1%. The State currently owns 70.74% of the shares in Fortum.
The review may lead to a sale of shares, but the amount, timing or terms of any potential offering have not been determined.
Merrill Lynch International has been appointed as advisor to the Ministry of Trade and Industry for the review as well as global coordinator for any potential offering.
Senior Vice President, Corporate Communications
The information contained herein is not for publication or distribution in or into the United States of America. This press release does not constitute an offer of securities for sale in the United States, nor may the securities referred to above be offered or sold in the United States absent registration or an exemption from registration as provided in the Securities Act of 1933 and the rules and regulations thereunder. Any public offering of securities to be made in the United States will be by means of a prospectus that may be obtained from the issuer or the selling security holder and that will contain detailed information about the company and management, as well as financial statements. (Stabilization/FSA).