Fortum - Company Announcement

Fortum's Gasum divestment completed

Espoo, Finland, 2014-11-03 15:45 CET (GLOBE NEWSWIRE) -- FORTUM CORPORATION
STOCK EXCHANGE RELEASE, 3 November 2014 at 16.45 EET 

Fortum announced this morning the divestment of its shareholding in the Finnish
natural gas company Gasum Oy to the Finnish State, and the sale was also
completed today. 

The sales price for the total amount of Fortum's shares is approximately EUR
310 million. Fortum will book a gain of roughly EUR 190 million, corresponding
to approximately EUR 0.22 per share. The sales gain will be booked in 2014
fourth quarter results of Fortum's Heat, Electricity Sales and Solutions
segment. 


Fortum Corporation
Helena Aatinen
Senior Vice President, Corporate Communications


Further information:
Kari Kautinen, Senior Vice President, Strategy, Mergers and Acquisitions, +358
10 45 32174 
Helena Aatinen, Senior Vice President, Corporate Communications +358 10 45 20480
Sophie Jolly, Vice President, Investor Relations, +358 10 45 32552


Distribution:
NASDAQ OMX Helsinki
Key media
www.fortum.com


Fortum
Fortum's purpose is to create energy that improves life for present and future
generations. Catering to the versatile needs of our customers, we generate,
distribute and sell electricity and heat, and offer related expert services.
Our operations focus on the Nordic and Baltic countries, Russia and Poland. In
2013, Fortum's sales totalled EUR 6.1 billion and comparable operating profit
was EUR 1.6 billion. We employ approximately 8,800 people. Fortum's shares are
traded on the NASDAQ OMX Helsinki. www.fortum.com