17.6.2015 15:30
Stock Exchange releases

Fingrid Oyj divests ownership in Porvoon Alueverkko Oy

In a transaction completed today, Fingrid Oyj has sold its shares in Porvoon Alueverkko Oy to Porvoon Sähköverkko Oy, which is part of the Porvoon Energia Oy - Borgå Energi Ab Group. The transaction covers Fingrid’s entire ownership in the company, i.e. 1/3 of all of Porvoon Alueverkko Oy’s shares and votes.
Porvoon Alueverkko Oy owns and maintains electricity grids and also produces grid services for the Porvoo area. Porvoon Alueverkko Oy’s activities as a distribution network operator have been separate from Fingrid Oyj’s transmission grid operations.
 
The parties have agreed not to disclose the value of the transaction. The transaction will have a minor positive effect on Fingrid Oyj’s second quarter result.
 
Further information:
Jukka Ruusunen, President & CEO, tel. +358 (0)30 395 5140
Jan Montell, Chief Financial Officer, tel. +358 (0)30 395 5213