# 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.

- Type: Acquisition
- Announced: 2017-04-26
- Where: Norway
- Value: $1.05B (970.0M EUR)
- Status: announced
- Products: electricity retail, heat, waste-to-energy
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Fortum](https://endata.com/companies/11212.md) (acquirer)
- [City of Oslo](https://endata.com/companies/23821.md) (acquirer)
- [Hafslund ASA](https://endata.com/companies/23822.md) (target)

## Sources

- [fortum.com](https://www.fortum.com/en/media/2017/04/fortum-and-city-oslo-restructure-ownership-hafslund-and-announce-partnership-greener-oslo), 2017-04-26: "We are forming a strong partnership with the City of Oslo in areas where we can combine competencies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.