Fingrid’s ownership arrangements progressing
By virtue of a preliminary agreement, Fortum is selling its shareholding
in the Finnish transmission system operator Fingrid to the State of
Finland and Mutual Pension Insurance Company Ilmarinen. Pohjolan Voima
is also negotiating the divestment of its holding in Fingrid to the
State of Finland and Ilmarinen. Fortum and Pohjolan Voima each own
approximately 25 per cent of Fingrid’s shares.
After the share transaction, the holding of the State of Finland in
Fingrid would be 53.1 per cent and that of Ilmarinen 19.9 per cent. The
other shareholders, which are mainly Finnish pension insurance and
insurance companies, would have a holding of 27.5 per cent.
The ownership arrangements are caused by the EU’s directive concerning
the internal electricity market. The directive requires that
transmission system companies are unbundled from electricity generating
and selling companies by March 2012.
Further information: Fingrid Oyj, Jukka Ruusunen, President & CEO, tel.
+358 (0)40 593 8428