Fortum sells Hafslund stake to City of Oslo and acquires Hafslund Markets and Heat businesses

Fortum will sell its 34.1% stake in Hafslund ASA to the City of Oslo for about EUR 730 million, and will acquire 100% of Hafslund's Markets business area and 50% of a combined Heat and waste-to-energy company. The total debt-free price of the acquisitions is approximately EUR 970 million.

“We are forming a strong partnership with the City of Oslo in areas where we can combine competencies.”fortum.com

• 1 source
• fortum.comFortum and City of Oslo restructure ownership in Hafslund and announce partnership for a greener Oslo | FortumFortumApr 26, 2017

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