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Fortum Oyj (FORTUM.HE)

FORTUM.HE on Helsinki Stock Exchange

18.87EUR
12:43pm GMT
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Latest Key Developments (Source: Significant Developments)

Fortum Issues EUR 2.5 Bln Eurobonds
Tuesday, 19 Feb 2019 

Feb 20 (Reuters) - Fortum Oyj ::SAID ON TUESDAY IT HAS ISSUED EUR 2.5 BILLION EUROBONDS UNDER ITS EURO MEDIUM TERM NOTE (EMTN) PROGRAMME.THE BONDS WERE ALLOCATED TO MORE THAN 200 INVESTORS AND WILL BE LISTED IN LUXEMBOURG.  Full Article

Fortum: Government Of Gujarat In India Cancels Solar Auction Results
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Fortum Oyj ::GOVERNMENT OF GUJARAT IN INDIA CANCELS THE SOLAR AUCTION RESULTS AND FORTUM'S RIGHT TO BUILD A 250-MW SOLAR PLANT.INDIA HAS CANCELLED RESULTS OF 700-MEGAWATT (MW) SOLAR AUCTION HELD IN DECEMBER 2018,.GOVERNMENT OF GUJARAT HAS INDICATED THAT THERE WILL BE A NEW AUCTION.  Full Article

Vestas Gets 99 MW Wind Turbine Order In Russia
Friday, 25 Jan 2019 

Jan 25 (Reuters) - VESTAS WIND SYSTEMS A/S ::SAYS HAS SECURED AN ORDER FOR A 99 MW WIND PROJECT FROM A JOINT VENTURE BETWEEN RUSNANO AND FORTUM.THE CONTRACT INCLUDES SUPPLY, INSTALLATION AND COMMISSIONING OF THE WIND TURBINES.TURBINE DELIVERY AND INSTALLATION IS EXPECTED TO START IN THE THIRD QUARTER OF 2019.  Full Article

Fortum Board To Cancel All Fortum Shares Currently Owned By Co Without Decreasing Share Capital
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Fortum Oyj ::CANCELLATION OF FORTUM'S TREASURY SHARES.BOARD OF DIRECTORS HAS TODAY DECIDED TO CANCEL ALL 72,580 FORTUM SHARES CURRENTLY OWNED BY COMPANY WITHOUT DECREASING SHARE CAPITAL.CANCELLATION WILL BE ENTERED IN TRADE REGISTER ON OR AROUND 21 DECEMBER 2018.AFTER CANCELLATION OF SHARES HAS BEEN REGISTERED IN TRADE REGISTER, TOTAL NUMBER OF SHARES OF FORTUM CORP WILL BE 888.3 MILLION.  Full Article

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

RPT-FOCUS-Engie to scale back overseas, cut costs to boost revenues - sources

PARIS, Feb 21 Utility Engie is poised to cut back its geographical spread of businesses and focus on grids and renewables in a 1 billion euro cost-cutting drive to bolster revenues, sources familiar with the matter said.