SRV, Fortum and Outokumpu reaffirm domestic ownership of Fennovoima

Finnish ownership of Fennovoima has been strengthened by the announcement on Wednesday August 5 of new financial commitments from three Finnish corporations.

SRV and Fortum represent new shareholders, whereas the existing shareholder, Outokumpu Oyj, is increasing its stake in Fennovoima. 

The financial commitment of the three corporations equates to the corresponding ownership in Fennovoima:

  • SRV 1.8 per cent
  • Fortum 6.6 per cent
  • Outokumpu 14.1 % (increasing its ownership by 1.8 percentage points)

Taking into account the latest financial commitments, domestic ownership of Fennovoima now stands at 65.1% and meets the ownership conditions set by the Finnish Government  and the Finnish Parliament. The companies become shareholders of the main owner of Fennovoima, Voimaosakeyhtiö SF.

Elina Engman, CEO of Voimaosakeyhtiö SF, states: ”We extend a warm welcome to the new shareholders of Fennovoima. They are now part of a major undertaking that incorporates a billion-euro investment in Finland.”

Fennovoima has completed and submitted an update regarding the ownership to Finland’s Ministry of the Employment and the Economy. The appendix delivered is part of the Construction Licence Application, which was submitted on June 30, 2015.

For more information: CEO of Fennovoima, Toni Hemminki
Interview requests to press officer, Tiina Rytky. +358 20 757 8504
Fennovoima’s Senior Adviser, Public Affairs Mattias Hellström, tel. +358 20 757 9211

Link to the ownership chart and the companies which have given a financial  commitment (in Finnish).