Fortum to offer 15% of Neste to outside buyers in spin-off

  • 24 Mar 2005

Finnish energy company Fortum will seek shareholder approval at its annual general meeting next Thursday (March 31) to spin off and float Neste Oil, its oil refining and petrol retailing subsidiary.

Fortum shareholders would receive 85% of the shares in Neste. The Finnish government, Fortum's ...

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