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We have today signed an agreement to sell our Recycling & Waste business to Summa Equity. The divestment is in line with our Nordic strategy with focus on clean energy and provides us the opportunity to put enhanced focus on our core operations in clean power generation to drive electrification and build preparedness for future growth. With the new ownership, we see that the Recycling & Waste businesses have even better opportunities to grow: “We are very pleased to have found a very suitable new owner that is well positioned to further enhance and drive future growth opportunities for the recycling and waste business. Next to the clean energy transition, material scarcity is one of the biggest societal challenges we need to solve. Now is the right time for the new owner to take over”, says our President and CEO Markus Rauramo. https://lnkd.in/gvF4HweD

Inside information: Fortum to sell its recycling and waste business to Summa Equity for approximately EUR 800 million | Fortum

Inside information: Fortum to sell its recycling and waste business to Summa Equity for approximately EUR 800 million | Fortum

fortum.com

Simon Durkin

Director ✦Transforming Safety & Business Performance ✦ Extensive Global Experience ✦

3mo

Fortum recycling and waste is run by a fantastic group of people, to whom I wish all the best and greatest success in this new chapter. It was a great privilege to work with you. Stay safe.

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