trending Market Intelligence /marketintelligence/en/news-insights/trending/xxnRw6hO08P3YKZyy5qxdg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Fortum wraps €530M sale of district heating business in Finland

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs

Energy Evolution Podcast

Energy futurist sees major challenges for renewables in next 30 years

Fortum wraps €530M sale of district heating business in Finland

Fortum Oyj completed the sale of its district heating business in Joensuu, Finland, to Savon Voima Oyj for €530 million.

The company will record a tax-exempt capital gain of approximately €430 million in its City Solutions segment's first-quarter 2020 results, according to a Jan. 10 news release.

The transaction is one of the deals Fortum announced in December 2019. It is also selling an 80% stake in its portfolio of onshore wind plants across Norway, Sweden and Finland to funds advised by Credit Suisse Energy Infrastructure Partners AG, the investment manager of Credit Suisse Group AG, for €250 million.