Fortum To Sell Stakes In Biobased Solutions Businesses In India
Sept 23 (Reuters) -Fortum Oyj FORTUM.HE:
FORTUM TO SELL ITS STAKES IN THE BIOBASED SOLUTIONS BUSINESSES IN INDIA
AGREEMENT TO SELL ITS 37.4% OWNERSHIP IN CHEMPOLIS OY, INCLUDING FORTUM'S ALL BIOBASED SOLUTIONS BUSINESSES
AFTER DIVESTMENT, FORTUM CONTINUES STRATEGIC REVIEW OF ITS REMAINING CIRCULAR SOLUTIONS' BUSINESSES
TO SELL SHARES IN HOLDING COMPANY OWNING 40.3% IN ASSAM BIO ETHANOL PVT LTD IN INDIA TO AM GREEN TECHNOLOGY & SOLUTIONS B.V
NET ASSETS OF THESE REMAINING BUSINESSES TOTAL APPROXIMATELY EUR 80 MILLION AND THEY HAVE APPROXIMATELY 400 EMPLOYEES
CIRCULAR SOLUTIONS BUSINESSES ARE NOT IN CORE OF FORTUM'S STRATEGY
Source text for Eikon: ID:nWkr8HFHPK
Further company coverage: FORTUM.HE
(Gdansk Newsroom)
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