Fortum Sells Electricity Distribution Network


Fortum sells its electricity distribution network to a new company Suomi Power Networks for € 2.55 billion. The deal means that SPN now owns a fifth of Finland’s electricity network.The biggest stakeholders of Suomi Power Networks are both with 40 % share First State Investments from Australia and the Canadian Borealis Infrastructure. Other major stakeholders are Finnish insurance companies Keva with 12.5 % and Lähi-Tapiola with 7.5 %.

This contract means that roughly 320 employees and 600 000 customers will be dealing with new company in the beginning of 2014. The Finnish government is majority owner of Fortum. (Source:,12.12.2013)

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