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Fortum Oyj (FORTUM.HE)

FORTUM.HE on Helsinki Stock Exchange

18.16EUR
10 Dec 2018
Change (% chg)

€-0.58 (-3.09%)
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Latest Key Developments (Source: Significant Developments)

Uniper CFO: not much progress in talks with Fortum
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Uniper ::CFO SAYS MEDICAL TREATMENT OF CEO KLAUS SCHAEFER CONTINUES.CFO SAYS AIM TO HAVE CLARITY SOON ON WHAT TO DO WITH OUR FRENCH ASSETS WHICH ARE UNDER REVIEW.CFO SAYS THERE IS VERY LITTLE PROGRESS TO REPORT IN OUR DISCUSSIONS WITH FORTUM <<>>.CFO SAYS EXPECTS COMPENSATION MECHANISM AS PART OF GERMAN ROADMAP TO SHUT DOWN COAL-FIRED POWER PLANTS.  Full Article

Fortum Updates Its Strategy, Reconfirms Financial Targets And Dividend Policy
Monday, 12 Nov 2018 

Nov 12 (Reuters) - FORTUM OYJ ::FORTUM UPDATES ITS STRATEGY - FINANCIAL TARGETS AND DIVIDEND POLICY RECONFIRMED.FORTUM'S FINANCIAL TARGETS AND DIVIDEND POLICY REMAIN UNCHANGED.LONG-TERM OVER--CYCLE FINANCIAL TARGETS ARE: * RETURN ON CAPITAL EMPLOYED (ROCE) AT LEAST 10%.LONG-TERM OVER--CYCLE FINANCIAL TARGETS ARE: COMPARABLE NET DEBT TO EBITDA RATIO OF AROUND 2.5 TIMES.COMPARABLE NET DEBT TO EBITDA RATIO OF AROUND 2.5 TIMES.ESTIMATED ANNUAL CAPITAL EXPENDITURE FOR 2019 IS APPROXIMATELY EUR 600-650 MILLION.IN 2020, CAPITAL EXPENDITURE IS EXPECTED TO DECLINE.CAPITAL EXPENDITURE (INCLUDING MAINTENANCE AND EXCLUDING ACQUISTIONS) FOR 2018 IS EXPECTED TO BE EUR 600-700 MILLION.SOLAR AND WIND BUSINESSES HAVE GROWN BEYOND INITIAL DEVELOPMENT PHASE AND ARE NOW ARE BEING REORGANISED.DIVIDEND POLICY IS TO PAY A STABLE, SUSTAINABLE, AND OVER TIME INCREASING DIVIDEND OF 50-80% OF EARNINGS PER SHARE, EXCLUDING ONE-TIME ITEMS.WIND OPERATIONS WILL BECOME A BUSINESS AREA WITHIN GENERATION DIVISION.  Full Article

Fortum CEO Says Proposed Uniper Probe Is A Matter Of Private Discussion Between The Companies
Thursday, 19 Jul 2018 

July 19 (Reuters) - Fortum Oyj ::FORTUM CEO SAYS WILL NOT COMMENT THE PROPOSAL REGARDING A SPECIAL AUDIT IN UNIPER, SAYS IT IS A MATTER OF PRIVATE DISCUSSION BETWEEN FORTUM AND UNIPER.  Full Article

Fortum CEO Says Questions Whether Fortum Could Increase Stake In Uniper Are "Hypothetical"
Thursday, 19 Jul 2018 

July 19 (Reuters) - Fortum Oyj ::FORTUM CEO SAYS ALL QUESTIONS WHETHER FORTUM WOULD FURTHER INCREASE STAKE IN UNIPER ARE HYPOTHETICAL, CITES RUSSIAN REGULATORY LIMITATION FOR THE OWNERSHIP.  Full Article

Fortum Wins Right To Build 250 MW Solar Power Plant In India
Friday, 29 Jun 2018 

June 29 (Reuters) - Fortum Oyj ::FORTUM WON THE RIGHT TO BUILD 250 MW SOLAR POWER PLANT IN INDIA.SAYS COMMISSIONING OF PLANT IS EXPECTED IN Q3 OF 2019.SAYS CAPITAL EXPENDITURE IS ESTIMATED TO BE APPROXIMATELY EUR 120 MILLION AND SOLAR PARK WILL BE ENTITLED TO A FIXED TARIFF OF 2.85 INR/KWH FOR 25 YEARS. FORTUM ALREADY HAS A 100 MW OPERATING.  Full Article

EDF Signs Series Of Agreements During World Nuclear Exhibition
Thursday, 28 Jun 2018 

June 28 (Reuters) - EDF ::EDF HAS SIGNED A SERIES OF AGREEMENTS TO FORMALIZE COOPERATION WITH EUROPEAN INDUSTRIAL PARTNERS.PARTNERSHIP AGREEMENT WITH VEOLIA TO DEVELOP THE TREATMENT OF RADIOACTIVE WASTE.AGREEMENT WITH ORANO TO PROPOSE A JOINT SERVICE OFFER FOR DECOMMISSIONING OF MONJU REACTOR IN JAPAN.ACQUISITION OF OREKA SOLUTIONS, START-UP SPECIALIZING IN DIGITAL TECHNOLOGY FOR DISMANTLING NUCLEAR POWER PLANTS.AGREEMENT WITH FORTUM TO DEVELOP COMMON OFFERS FOR DECOMMISSIONING AND MANAGEMENT OF RADIOACTIVE WASTE IN NORDIC MARKET.PARTNERSHIP AGREEMENT WITH SOGIN, PUBLIC COMPANY IN CHARGE OF DECONSTRUCTION AND WASTE MANAGEMENT IN ITALY.AGREEMENT WITH CEA ON THE DEVELOPMENT OF COMMON DIGITAL STANDARDS AND TOOLS.AGREEMENT ESTABLISHING THE BASIS FOR COOPERATION ON THE DISMANTLING OF GRAPHITE REACTORS WITH THE NUCLEAR DECOMMISSIONING AUTHORITY IN UK.  Full Article

E.ON says completes sale of stake in Uniper to Fortum
Tuesday, 26 Jun 2018 

June 26 (Reuters) - E.On Se ::SUCCESSFULLY COMPLETED THE SALE OF ITS 46.65 PERCENT STAKE IN UNIPER SE TO FORTUM CORPORATION.IN TOTAL, E.ON RECEIVED APPROXIMATELY €3.8 BILLION FROM THE TRANSACTION FOR ITS REMAINING SHARES IN UNIPER.  Full Article

BRIEF-Fortum To Appeal Court Decision On Swedish Hydro Real Estate Tax
Thursday, 14 Jun 2018 

Repeats to additional subscribers:FORTUM TO APPEAL COURT DECISION ON SWEDISH HYDRO REAL ESTATE TAX.SAYS DISPUTED AMOUNT INCLUDING INTEREST FOR TIME PERIOD TOTALS APPROXIMATELY SEK 520 MILLION (APPROXIMATELY EUR 50 MILLION).  Full Article

Elite Alfred Berg Announces Partnership With Fortum And UK Climate Investments
Friday, 8 Jun 2018 

June 8 (Reuters) - Elite Varainhoito Oyj ::ELITE ALFRED BERG TO LAUNCH INDIAN SOLAR FUND, AND ANNOUNCES PARTNERSHIP WITH FORTUM AND UK CLIMATE INVESTMENTS.TRANSACTION WILL ALLOW ELITE ALFRED BERG TO LAUNCH AN INDIAN SOLAR POWER FUND.  Full Article

Fortum: Regulatory Decisions In Russia On Uniper Investment Possibly Delayed
Thursday, 24 May 2018 

May 24 (Reuters) - Fortum Oyj ::REGULATORY DECISIONS IN RUSSIA ON FORTUM'S UNIPER INVESTMENT POSSIBLY DELAYED.HAS COME TO FORTUM'S ATTENTION THAT RUSSIAN LAWS CONCERNING OFFSHORE AND FOREIGN STATE OWNERSHIP IN RUSSIAN COMPANIES WILL BE AMENDED.THIS MAY HAVE AN IMPACT ON TIMING WHEN FORTUM RECEIVES FORMAL REGULATORY DECISIONS FOR ITS INVESTMENT IN UNIPER IN RUSSIA.  Full Article

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Fortum, Elliott have held talks over Uniper: sources

FRANKFURT Finland's Fortum , Uniper's largest shareholder, has held talks with activist fund Elliott over how to gain control of the German energy firm, three people familiar with the matter said.