Information  X 
Enter a valid email address

Fingrid Oyj (BR96)

  Print   

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.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de


Language: English
Company: Fingrid Oyj
Finland
ISIN: XS0113638653
Category Code: MSC
TIDM: BR96
Sequence Number: 2704
Time of Receipt: Jun 17, 2015 14:30:01
End of News DGAP News-Service

369333  17.06.2015 

a d v e r t i s e m e n t