Fortum finalizes sale of its district heating business in Joensuu
Date
January 14, 2020
Type
M&A Transactions
Subtype
Transaction completed
Countries
Finland
Subsectors
Biomass
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Fortum has concluded the sale of its district heating business in Joensuu, Finland to Savon Voima Oyj, as announced on 20 December 2019.
The total consideration of the sale on a debt- and cash-free basis is approximately EUR530 million (US$587 million).
