Fortum divests electricity distribution business in Finland

12 December 2013

Practices

Industries

Avance advises Fortum Corporation (listed on the NASDAQ OMX Helsinki) in the EUR 2.55 billion divestment of its electricity distribution business in Finland to Suomi Power Networks, a consortium of Finnish pension funds Keva and LocalTapiola Pension together with international infrastructure investors First State Investments and Borealis Infrastructure.