Düsseldorf, 5-11-2014 — /EuropaWire/ — E.ON has today agreed to sell its 20 percent shareholding in the Finnish natural gas company Gasum Oy to the Finnish State. Gasum Oy is engaged in the import, distribution and sale of natural gas in Finland.
The purchase price for E.ON’s shares is EUR 0.2 billion. The transaction is expected to be completed shortly.
The sale is part of E.ON’s ongoing strategy of optimizing its business portfolio and follows the divestment of E.ON’s 34 percent participation in the Finnish nuclear project Fennovoima and the sale of E.ON’s Finnish energy companies, E.ON Kainuu Oy and Karhu Voima Oy in 2013.
Fortum Oy has also agreed to sell its 31 percent stake in Gasum Oy to the Finnish state. Together, these transactions will increase the Finnish State’s shareholding in Gasum Oy from 24 percent currently to 75 percent.
This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.