Finland’s Fortum plans to sell its Russian energy assets by July 1, with large Russian companies among the potential bidders, Kommersant reported on Tuesday, according to Reuters, citing knowledgeable sources.
Fortum announced last month that it would leave Russia as part of a long list of Western companies leaving the country due to the Russian invasion of Ukraine.
“We said on May 12 that we were aiming for a controlled exit from Russia and that the first option was to sell the business. We have no further comment beyond that,” Fortum spokeswoman Pauliina Vuosio told Reuters.
The utility company is accepting binding offers for its two assets by June 21, according to the Russian newspaper, and each asset could be worth $ 1.5 billion to $ 2 billion.
Fortum CEO Markus Rauramo told the Finnish weekly financial newspaper Talouselama in early June that there were several potential buyers for its Russian power plants, even before the war in Ukraine, and that more interested buyers had recently emerged from Russia. and abroad.
He cited the sale of two Russian Fortum power plants in 2016 and 2021 as “proof of interest”.
Source: Capital
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