SCANDINAVIAN DEAL

KEITH NUTHALL
A FINNISH district heating business has been given permission by the European Commission to secure sole control of a Swedish electricity joint venture in which it already has 50 per cent ownership. Fortum Oyj will now be able to own 100 per cent of Birka Energi AB, which is currently part owned by the City of Stockholm. Fortum provides energy services in Scandinavia, including power generation, sales and distribution of electricity, district heating and industrial heat and steam supplies as well as maintenance and engineering. A Brussels review ...


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