Finland’s largest energy company, the state-owned Fortum, will sell its operations in Russia by the beginning of July, according to a Russian business newspaper. Kommersant.
The magazine said on Tuesday, citing sources, that Fortum will accept buyers’ offers until June 21st.
Large Russian companies such as Gazprom, a state-owned multinational energy company, and Inter RAO, a diversified energy holding company, are among the interested bidders. Kommersant.
The report, which has yet to be confirmed, brought improvements on Tuesday morning as Fortum’s share price rose nine percent.
As early as May, Fortum announced that it was planning to a "supervised exit" From Russia.
Source: The Nordic Page