Haavisto hopes grid sale encourages Fortum to invest in Finland - HS in English | HS.fi

Haavisto hopes grid sale encourages Fortum to invest in Finland

The majority state-owned utility said on Thursday that it will sell its power grids in Finland for 2.55 billion euros. PEKKA Haavisto (Greens), the minister responsible for ownership steering, hopes that the sale of Fortum's regional and local power distribution grids will enable the energy utility to boost its dividend payments also to the state.

13.12.2013 8:55

Commenting on the deal to Helsingin Sanomat in Brussels on Thursday evening, Haavisto also voiced his hope that Fortum will invest some of the profits in sustainable domestic targets. “Hopefully, also in sustainable energy.”

Thus far, the energy utility has paid nearly half a billion euros per annum in dividends to the state. “It's important for us to have a productive and profitable company that provides a steady dividend stream,” said Haavisto.

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