Corrected: BUZZ-Fortum soars on long term power purchase deal with Google

Fortum Oyj

09/09/2026 08:17

Corrects investment value to 13 billion in the third bullet point
** Shares in Fortum FORTUM rise 7.5% after the Finnish energy group signed a long-term power purchase agreement with Google GOOGL.O
** The deal secures nuclear power for Google investments for 22 years and will improve Fortum's comparable return on net assets by about 1.4 pp over time, the Finnish company says
** Google says it will invest €13 billion ($15 billion) in Finland in a data centre and related infrastructure within the next two years
** Fortum shares rise to the top of STOXX 600 .STOXX and are set for best day since September 2022
($1 = 0.8591 euros)

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@thomosnreuters.com))