Fortum flogs Finnish power distribution business for €2.55bn

Finnish energy company Fortum has flogged its electricity distribution business for more than was expected. It sold to a group of investors called Suomi Power Networks for €2.55 billion (£2.15bn). The state-owned firm owns 79,000 kilometres of network in Finland and supplies 12.6 TWh of power each year – giving it a 20% market share in the […]