Consideration of Fortum’s claim for compensation for assets in the Russian Federation may begin at the end of the year


On May 11, Fortum announced writing off Russian assets worth 1.7 billion euros. The company clarified that investments in the Russian business amounted to about 6 billion euros, taking into account the purchase of shares. EBITDA of the regional segment since 2008 has been fixed at over 4 billion euros. According to Fortum’s calculations, the net cash loss from investments in Russia, acquisitions of enterprises and dividends reached 2 billion euros.

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