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Fingrid Oyj (BR96)


Wednesday 17 June, 2015

Fingrid Oyj

Fingrid Oyj divests ownership in Porvoon Alueverkko Oy

Fingrid Oyj / Miscellaneous
Fingrid Oyj divests ownership in Porvoon Alueverkko Oy

17.06.2015 / 14:30

Helsinki, Finland, 2015-06-17 14:30 CEST (GLOBE NEWSWIRE) -- Fingrid Oyj
Stock exchange release 17 June, 2015 at 15.30 EET

In a transaction completed today, Fingrid Oyj has sold its shares in Porvoon Alueverkko Oy to Porvoon Sahkoverkko Oy, which is part of the Porvoon Energia Oy - Borga Energi Ab Group. The transaction covers Fingrid's entire ownership in the company, i.e. 1/3 of all of Porvoon Alueverkko Oy's shares and votes.

Porvoon Alueverkko Oy owns and maintains electricity grids and also produces grid services for the Porvoo area. Porvoon Alueverkko Oy's activities as a distribution network operator have been separate from Fingrid Oyj's transmission grid operations.

The parties have agreed not to disclose the value of the transaction. The transaction will have a minor positive effect on Fingrid Oyj's second quarter result.

Further information:
Jukka Ruusunen, President & CEO, tel. +358 (0)30 395 5140 Jan Montell, Chief Financial Officer, tel. +358 (0)30 395 5213 News Source: NASDAQ OMX

17.06.2015 Dissemination of a Regulatory Announcement, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: Fingrid Oyj
ISIN: XS0113638653
Category Code: MSC
Sequence Number: 2704
Time of Receipt: Jun 17, 2015 14:30:01
End of News DGAP News-Service

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