Source Pravda.Ru

Finnish Fortum Group to Increase Stake in Lenenergo

Fortum, the Finnish energy concern, plans to increase its stake in Lenenergo to 15.7%. The Finnish company's website reveals that Fortum is planning to complete a deal to purchase a 9.3% stake in the Russian company from German energy concern E.ON Energiie. The size of the deal is not confirmed.

Dmitrii Kharinov, the head of Lenenergo's investor department, confirmed the move by Fortum to increase its stake in the Russian company in an interview with Rosbalt's correspondent. He said that Fortum and E.ON Energiie have exchanged energy assets in Northern Europe, including in Norway and Russia. The overall value of the deal is around EUR 800 million, said Kharinov, but he could not give an exact value for the stake in Lenenergo. However he said that E.ON and Fortum had already concluded an agreement to exchange energy assets.

Fortum was created in 1998 as a result of a merger of two Finnish companies - Imatran Voima and Neste. The company's activity extends right across the energy production process, from extracting raw materials to refining, including oil refining, and includes distribution and marketing, engineering, operating and maintenance work. Fortum's clients include international oil companies, various industrial sectors, cities and towns, energy companies, and individual consumers. It has an annual turnover of EUR 11 billion.

Lenenergo has a market capitalization of 897,363,000 roubles (USD 28.2 million). Its stock is divided into 766,035,008 ordinary shares and 131,328,000 privileged shares worth 1 rouble each. UES of Russia has a 49% stake in Lenenergo, 9.29% belongs to E.ON Energiie, over 6% to Fortum, and 3.03% to Rosbank.

© &to=http://www.rosbaltnews.com/' target=_blank>RosBalt

&to=http://www.fortum.com/main.asp?path=1' target=_blank>FORTUM

He announced his intention to create a news service called "Pravda," which means "truth" in Russian. Well, we are Pravda. The Pravda.Ru website has been working professionally in Russia since 1999

Elon Musk wants Pravda, but we already have it

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part

World leaders unite with Russia at St. Petersburg International Economic Forum
Comments
USA wants China to become backward, third world state again
Elon Musk and a Truth called Pravda
Science Has Once Again Declared: ‘We Were Created’
World leaders unite with Russia at St. Petersburg International Economic Forum
What would you do if you were Kim Jong-un?
There's only one man who can help Russia and the West bury the hatchet
World leaders unite with Russia at St. Petersburg International Economic Forum
World leaders unite with Russia at St. Petersburg International Economic Forum
World leaders unite with Russia at St. Petersburg International Economic Forum
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
How low will America go?
German expert explains why European Union and Russia develop ties speedily
How low will America go?
Elon Musk wants Pravda, but we already have it
Blame MH17 on Russia: International investigation turns into demonic circus
How low will America go?
How low will America go?
Skripals fall under heavy British pressure
Skripals fall under heavy British pressure