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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Fortum’s energy asset sale catches sovereign wealth interest

Posted on 18 September 2013

Sovereign wealth funds, infrastructure funds and public pensions have been investors of power grids and other energy infrastructure assets in Europe. As of July 31, 2013, the Finnish State controls 50.8% of Finnish utility Fortum. Fortum is publicly traded on the Helsinki Stock Exchange.
The power generation and electricity distribution are highly fragmented in the Nordic power market. Good for energy consumers, this eats at the profit margins of many utilities. In addition, several European energy providers are seeking to offload networks and shed debt. This cleansing of the balance sheet allows utilities to focus on power generation and renewable energy………………………………………..Full Article: Source


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