Fortum Makes Indicative, Non-Binding Offer To Buy Ekokem

Fortum said Friday that it has made an indicative, non-binding offer to the four biggest shareholders in Ekokem to acquire their shareholding in the company.

Ekokem’s biggest shareholders are Finnish State (Government ownership steering department), Association of Finnish Local and Regional Authorities, Ilmarinen Mutual Pension Insurance Company and Helsinki Region Environmental Services Authority HSY, representing more than 80% of the shares.

Fortum said that it does not estimate the timetable or the outcome.

Fortum added that Ekokem is a Nordic circular economy company that would fit well with its clean energy strategy, that is focusing on providing sustainable solutions to, for example, energy and waste issues of cities and urban areas.