Brief: Fortum To Sell Stakes In Biobased Solutions Businesses In India

Fortum Oyj

23/09/2024 07:01

Sept 23 (Reuters) - Fortum Oyj  FORTUM.HE :
    * FORTUM TO SELL ITS STAKES IN THE BIOBASED SOLUTIONS
BUSINESSES
IN INDIA
    * AGREEMENT TO SELL ITS 37.4% OWNERSHIP IN CHEMPOLIS OY,
INCLUDING
FORTUM'S ALL BIOBASED SOLUTIONS BUSINESSES
    * AFTER DIVESTMENT, FORTUM CONTINUES STRATEGIC REVIEW OF ITS
REMAINING CIRCULAR SOLUTIONS' BUSINESSES
    * TO SELL SHARES IN HOLDING COMPANY OWNING 40.3% IN ASSAM
BIO
ETHANOL PVT LTD IN INDIA TO AM GREEN TECHNOLOGY & SOLUTIONS B.V
    * NET ASSETS OF THESE REMAINING BUSINESSES TOTAL
APPROXIMATELY EUR
80 MILLION AND THEY HAVE APPROXIMATELY 400 EMPLOYEES
    * CIRCULAR SOLUTIONS BUSINESSES ARE NOT IN CORE OF FORTUM'S
STRATEGY

Source text for Eikon:  ID:nWkr8HFHPK 
Further company coverage:  FORTUM.HE 

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