Fortum closes sale of electricity business to Borealis-led consortium
Scandinavian utility Fortum has closed the previously announced divestment of its Swedish electricity distribution business to an investor group that includes Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), and several Swedish pension funds. The total consideration was about 6.5 billion euros (US$7.1 billion). As a result of the transaction, Borealis holds approximately 50 percent of the business.
1 June 2015•2 mins read
