Fortum prepares to challenge transfer of Russian subsidiary - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Fortum prepares to challenge transfer of Russian subsidiary

HELSINKI, May 5 (PRIME) -- Finnish power company Fortum notified Moscow that it disagrees with the transfer of its Russian subsidiary to the Federal State Property Management Agency for temporary management and is preparing to defend its rights, the company said in a statement on Friday.

УFortum has formally notified the administration of the president of the Russian Federation that it strongly objects the decree No. 302 of 25 April 2023, based on which the Russian State Property Management, Rosimushchestvo, has seized FortumТs Russian subsidiary PAO Fortum,Ф the statement read.

In April, Russian President Vladimir Putin approved temporary nationalization of stakes in power companies Fortum and Unipro and their management by the Federal State Property Management Agency.


05.05.2023 10:08
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 104.3024 +0.2403 05 oct
USD 99.4555 +0.1878 05 oct
Stock Market Indices
1D 1W 1M 1Y
micex 3154.97 +0.35 18:50 04 oct
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 165.50 -0.75 18:27 04 oct
lkoh 6740.00 -0.21 18:27 04 oct
rosn 543.10 +0.78 18:27 04 oct
sber 258.85 -0.31 18:27 04 oct
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 104.1000 +0.3475 14:59 04 oct
USDTD 99.6875 +0.4300 17:44 04 oct