Rosatom acquired 34% share of Fennovoima

RAOS Voima Oy, subsidiary of Rosatom, and Voimaosakeyhtiö SF, the Finnish owner of Fennovoima, announced today they have signed share transaction agreement according to which a 34 % share of Fennovoima is now owned by RAOS Voima Oy. Voimaosakeyhtiö SF owns now a 66 % share of Fennovoima. The price of the deal is not disclosed.

The next step after the completed share transaction is the confirmation of Fennovoima project investment decision in the general meeting of Fennovoima, taking place in April.  A new board for Fennovoima will be elected then.

For more information:
Fennovoima Board Chairman Pekka Ottavainen, tel  +358 (0)20 757 9247
Ksenia Loskutova, Senior Specialist, Marketing Division, JSC Rusatom Overseas, e-mail 
[email protected]

Finland's third nuclear power company Fennovoima was founded in 2007. Fennovoima will build its Hanhikivi 1 nuclear power plant in Northern Finland to Pyhäjoki.
Voimaosakeyhtiö SF is Fennovoima’s majority shareholder. Voimaosakeyhtiö SF includes industrial and trading companies as well as local energy utilities which are mainly owned by municipalities.
RAOS Voima Oy is a Finnish subsidiary of Rosatom State Corporation designed to represent interests of Rosatom being one of the shareholders of Fennovoima project company.