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It is expected to be completed in the second quarter of this year, the Finnish company said.
According to her, the agreement is part of her strategy, as the company constantly reviews its businesses and optimizes its portfolio for value creation. In June 2019, Fortum announced that it was considering strategic opportunities for district heating companies in Estonia, and in February 2020, it announced that it would review its district heating business in other Baltic countries.
In 2020, Fortum sold its district heating companies in two Finnish cities. Currently, the strategic heating and cooling companies in Poland, as well as 50 percent. stock review in Stockholm Exergi and Consumer Solutions.
“These sales are in line with our portfolio optimization, as are the successful sales in Finland in 2020. These assets have attracted a lot of customer interest as the business has moved towards reducing carbon emissions,” he said. Per Langer, Fortum executive vice president, City Solutions, in a statement.
In the Baltic countries, Fortum supplies district heating in five cities: Tartu and Pärnu in Estonia, Daugavpils and Jelgava in Latvia and Klaipeda in Lithuania. In addition, Fortum operates four cogeneration plants in these cities.
In 2020, Fortum’s sales in the Baltic countries amounted to 1.4 TWh of heat and 0.6 TWh of electricity. Fortum currently employs 271 people in the Baltics and will remain with the companies after their sale.
Fortum in Lithuania is owned by Fortum Heat Lietuva, which owns Fortum Klaipėda (95%), Fortum Joniškio energija (66.2%) and Fortum Švenčionių energija (50%). The company also owns 19.64 percent. Klaipedos Energija shares and 49 percent. Shares of the Kaunas cogeneration plant.
Partners Group is a private equity investment company. Since 1996, the company has invested more than $ 145 billion on behalf of its clients around the world. Dollars to private equity, real estate and infrastructure.
The company employs more than 1,500 diverse professionals in 20 offices around the world, with regional headquarters in Switzerland, the United States and Singapore. Since 2006, the company has been listed on the Swiss Stock Exchange.
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