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Fortum Oyj

FORTUM.HE

Latest Trade

21.39EUR

Change

0.05(+0.23%)

Volume

814,940

Today's Range

21.23

 - 

21.46

52 Week Range

17.97

 - 

22.12

As of on the Helsinki Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Fortum Says Russian Government Commission Approves Co's Majority Ownership In Uniper Subject To Certain Conditions

Nov 14 (Reuters) - Fortum Oyj <FORTUM.HE>::THE RUSSIAN GOVERNMENT COMMISSION APPROVES FORTUM'S MAJORITY OWNERSHIP IN UNIPER SUBJECT TO CERTAIN CONDITIONS.FORTUM EXPECTS TO BE ABLE TO CLOSE TRANSACTIONS BY END Q1 2020.AS OF NOW FORTUM HAS NOT RECEIVED AN OFFICIAL DECISION FROM FAS.TO CO'S UNDERSTANDING DETAILS OF DECISION AND RELEVANT CONDITIONS WILL BE CLARIFIED BY FAS WITHIN APPROXIMATELY 10 DAYS.

Russia's Unipro Does Not Plan To Declare Other Assets In Russia As Strategic - Ifx

Oct 24 (Reuters) - Uniper's <UN01.DE> Russian unit Unipro <UPRO.MM>::DOES NOT PLAN TO DECLARE OTHER ASSETS IN RUSSIA AS STRATEGIC - INTERFAX CITES THE COMPANY'S PUBLIC RELATION DIRECTOR DMITRY ERMILICHEV AS SAYING."WE HAVE SUCH A THEORETICAL POSSIBILITY AT ALL FIVE OF OUR POWER PLANTS, BUT WE ARE NOT CONSIDERING IT AND WE ARE NOT PLANNING SUCH ACTIONS" - INTERFAX CITES ERMILICHEV.

Fortum Q3 Comparable EBITDA At EUR 295 Million

Oct 24 (Reuters) - Fortum Oyj <FORTUM.HE>::FORTUM JANUARY-SEPTEMBER 2019 INTERIM REPORT: STRONG RESULTS IMPROVEMENT AND AGREEMENT ON MAJORITY STAKE IN UNIPER.Q3 COMPARABLE EBITDA WAS EUR 295 (230) MILLION, +28%.HIGHLIGHT OF Q3 WAS DOUBLING OF COMPARABLE OPERATING PROFIT OF GENERATION SEGMENT.Q3 COMPARABLE OPERATING PROFIT WAS EUR 153 (96) MILLION, +59%.IN SPITE OF CLEARLY LOWER SPOT PRICES WE WERE ABLE TO INCREASE OUR ACHIEVED POWER PRICE WITH SUCCESSFUL HEDGING, WHICH FURTHER STRENGTHENED RESULTS.RESULTS OF CITY SOLUTIONS SEGMENT WAS A DISAPPOINTMENT.OUTLOOK: GENERATION SEGMENT'S NORDIC GENERATION HEDGES: APPROXIMATELY 80% HEDGED AT EUR 33 PER MWH FOR REMAINDER OF 2019, APPROXIMATELY 70% AT EUR 33 PER MWH FOR 2020, AND APPROXIMATELY 35% AT EUR 33 PER MWH FOR 2021.CAPITAL EXPENDITURE, INCLUDING MAINTENANCE BUT EXCLUDING ACQUISITIONS, IS EXPECTED TO BE IN RANGE OF EUR 600-650 MILLION IN 2019. IN 2020, CAPITAL EXPENDITURE IS EXPECTED TO DECLINE KEY FINANCIAL RATIOS.Q3 REVENUE EUR 1,060 MILLION VERSUS EUR 971 MILLION YEAR AGO.REFINITIV POLL: Q3 REVENUE SEEN AT EUR 1.05 BILLION.EXPECT TO BE ABLE TO CLOSE UNIPER TRANSACTION BY END OF Q1 NEXT YEAR.FORTUM AND UNIPER TOGETHER HAVE SUFFICIENT SIZE, EXPERTISE, AND RESOURCES TO SUCCEED, TO GROW AND TO LEAD EUROPE'S ENERGY TRANSITION.UNIPER DEAL PUTS CO IN A STRONG POSITION TO ADVANCE TRANSITION AND ALSO TO CAPTURE GROWTH OPPORTUNITIES IT PRESENTS.

Fortum And Neste Enter Into Long-Term Electricity Sales Agreement

Oct 22 (Reuters) - Fortum Oyj <FORTUM.HE>::FORTUM AND NESTE ENTER INTO LONG-TERM ELECTRICITY SALES AGREEMENT FOR KALAX WIND FARM.FORTUM AND NESTE HAVE NOW SIGNED A 12-YEAR ELECTRICITY SALES AGREEMENT (PPA) FOR PROJECT.ESTIMATED COMPLETION OF PLANT IS TOWARDS END OF 2020.CONTRACT COVERS 70% OF PRODUCTION AT KALAX WIND FARM IN NÄRPIÖ.

Fortum: Wind Energy Development Fund And Government Of Orenburg Region Sign Cooperation Deal

Oct 11 (Reuters) - Fortum Oyj <FORTUM.HE>::WIND ENERGY DEVELOPMENT FUND AND THE GOVERNMENT OF ORENBURG REGION SIGN A COOPERATION AGREEMENT.WIND ENERGY DEVELOPMENT FUND (JOINT VENTURE ESTABLISHED BY FORTUM AND RUSNANO ON A PARITY BASIS) AND GOVERNMENT OF ORENBURG REGION SIGN NON-BINDING COOPERATION DEAL.AGREEMENT THAT ENVISAGES CONSTRUCTION OF WIND FARMS WITH A TOTAL CAPACITY OF UP TO 200 MW IN REGION IN 2021-2023.

Uniper: We Will Analyse Fortum Gaining Control of Our Company

Oct 8 (Reuters) - Uniper <UN01.DE>::SAYS WILL ANALYSE THE MATTER TAKING INTO CONSIDERATION THE INTERESTS OF THE COMPANY.SAYS CONVERSATIONS WITH THE MANAGEMENT OF FORTUM HAVE BEEN GOING ON AND WE EXPECT THESE TO CONTINUE.SAYS ONCE NEW RESULTS ARE AVAILABLE, UNIPER WILL REPORT ACCORDINGLY.

Fortum To Acquire Majority In Uniper

Oct 8 (Reuters) - Fortum Oyj <FORTUM.HE>::FORTUM AGREES TO ACQUIRE MAJORITY IN UNIPER TO IMPROVE STABILITY AND ACCELERATE REALISATION OF STRATEGY.FORTUM ENTERS INTO AGREEMENTS WITH ELLIOTT AND KNIGHT VINKE TO ACQUIRE IN EXCESS OF 20.5% IN UNIPER FOR APPROXIMATELY EUR 2.3 BILLION.AGREEMENT INCREASES FORTUM'S SHARE IN UNIPER TO MORE THAN 70.5% AND TOTAL INVESTMENT IN UNIPER TO APPROXIMATELY EUR 6.2 BILLION.FORTUM'S SHARE IN UNIPER WILL INCREASE TO MORE THAN 70.5%.TOTAL INVESTMENT IN UNIPER TO APPROXIMATELY EUR 6.2 BILLION,.AVERAGE ACQUISITION PRICE OF EUR 23.97 PER SHARE..RULES OUT A DOMINATION AND/OR PROFIT AND LOSS TRANSFER AGREEMENT OR SQUEEZE-OUT FOR A PERIOD OF AT LEAST TWO YEARS.INTENDS TO BE REPRESENTED ON UNIPER'S SUPERVISORY BOARD COMMENSURATE WITH ITS OWNERSHIP WITHOUT DELAY.RULES OUT ANY DOMINATION AND/OR PROFIT AND LOSS TRANSFER AGREEMENT (DPLTA) WITH UNIPER.TRANSACTION NOW ENTERED INTO UNDERLINES LONG-TERM NATURE OF FORTUM'S OWNERSHIP IN UNIPER.CLOSING OF TRANSACTION IS SUBJECT TO CUSTOMARY REGULATORY CLEARANCES IN RUSSIA AND UNITED STATES, AND IS EXPECTED BY END OF Q1 OF 2020.FORTUM IS IN DISCUSSIONS WITH RUSSIAN STATE AUTHORITIES AND HAS MADE A PREPARATORY FILING TO RUSSIAN FEDERAL ANTIMONOPOLY SERVICE.TRANSACTION WILL BE FINANCED WITH EXISTING CASH RESOURCES AND COMMITTED CREDIT FACILITIES UNDERWRITTEN BY BARCLAYS BANK PLC.

Fortum Signs MoU With Six European Companies

Sept 6 (Reuters) - Fortum Oyj <FORTUM.HE>::FORTUM AND SEVERAL EUROPEAN INDUSTRIAL COMPANIES SIGNED MEMORANDUMS OF UNDERSTANDING ON CARBON CAPTURE AND STORAGE.MOUS TO DEVELOP VALUE CHAINS IN CARBON CAPTURE AND STORAGE (CCS).PARTNERS ARE CURRENTLY REDUCING COSTS AND FURTHER DEVELOPING NORTHERN LIGHTS PROJECT TOWARDS A POSSIBLE INVESTMENT DECISION IN 2020.FORTUM GROUP SIGNED MEMORANDUMS WITH SIX OTHER EUROPEAN PARTNER COMPANIES: EQUINOR, AIR LIQUIDE, ARCELOR MITTAL, ERVIA, PREEM, AND STOCKHOLM EXERGI.FINAL COMMERCIAL AGREEMENTS WILL DEPEND ON POSITIVE INVESTMENT DECISIONS FOR NORTHERN LIGHTS PROJECT, NORWEGIAN STATE'S FULL-SCALE CARBON CAPTURE AND STORAGE PROJECT, AND FOR THIRD-PARTY PROJECTS.WE ARE ALSO COOPERATING WITH AUTHORITIES TO ESTABLISH A COMMERCIAL FRAMEWORK ENABLING US TO PURSUE PROJECT - NORTHERN LIGHTS PROJECT DIRECTOR.

Equinor Signs MoU With Seven European Companies

Sept 5 (Reuters) - Equinor Asa <EQNR.OL>::EQUINOR HAS, ON BEHALF OF PARTNERS OF NORTHERN LIGHTS PROJECT, SIGNED MEMORANDA OF UNDERSTANDING WITH SEVEN EUROPEAN COMPANIES TO DEVELOP VALUE CHAINS IN CARBON CAPTURE AND STORAGE.EQUINOR, IN COOPERATION WITH ITS PARTNERS SHELL AND TOTAL, IS STUDYING POSSIBILITIES FOR DEVELOPING A CO₂ STORAGE ON NORWEGIAN CONTINENTAL SHELF.PARTNERS ARE CURRENTLY REDUCING COSTS AND FURTHER DEVELOPING NORTHERN LIGHTS PROJECT AIMING FOR AN INVESTMENT DECISION IN 2020.MEMORANDA OF UNDERSTANDING HAVE BEEN SIGNED WITH, AIR LIQUIDE, ARCELOR MITTAL, ERVIA, FORTUM OYJ, HEIDELBERGCEMENT AG, PREEM, AND STOCKHOLM EXERGI.ACCORDING TO AGREEMENTS PARTIES WILL COOPERATE ON POSSIBLE CO₂ HANDLING AT RELEVANT THIRD-PARTY'S PREMISES AND ON TRANSPORT TO NORTHERN LIGHTS PROJECT.AT END OF 2019, PARTNERSHIP PLANS TO DRILL A CONFIRMATION WELL FOR CO₂ STORAGE IN JOHANSEN FORMATION COVERED BY AURORA LICENCE (EL001) TO STUDY RESERVOIR'S SUITABILITY AND CAPACITY FOR CO₂ STORAGE.

Fortum: Leak In Generators Cooling System At Loviisa Nuclear Power Plant

Aug 7 (Reuters) - Fortum Oyj <FORTUM.HE>::REDUCTION OF POWER AT FORTUM'S LOVIISA NUCLEAR POWER PLANT UNIT 2.POWER OF LOVIISA POWER PLANT UNIT 2 HAS BEEN REDUCED BY HALF AS GENERATOR SCRAMMED ON WEDNESDAY 7 AUGUST, 2019 AT 3.11.UNIT 2 CAN BE OPERATED SAFELY AT REDUCED POWER.SCRAM WAS CAUSED BY A LEAK IN GENERATORS COOLING SYSTEM.INVESTIGATIONS ON LEAK ARE ON-GOING AND GENERATOR WILL BE STARTED ONCE INVESTIGATIONS AND REPAIRS ARE COMPLETED.SITUATION DOES NOT ENDANGER PEOPLE, ENVIRONMENT OR POWER.UNIT 1 IS IN NORMAL PRODUCTION.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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