Sale of Fortum power grid could generate a second Finnish WBS

A second Finnish utility whole business securitization could result from the sale, announced on Thursday, of Fortum’s Finnish electricity distribution business.

  • By Jon Hay
  • 13 Dec 2013

Finland’s leading power company is selling the business for €2.55bn to a consortium of infrastructure investors, led by Borealis and First State.

The business, to be called Suomi Power Networks, comprises 79,000km of cable networks, serving 640,000 customers, with about a 20% market share in Finnish local electricity ...

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1 Bank of America Merrill Lynch 18,561.02 56 11.69%
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