Finnish Fortum buys 9.3% of Lenenergo shares from energy concern E.ON. This is stated in the press release Fortum. Thus, Fortum will now own a 15.7% stake in the largest energy company in the northwest. Today, Fortum and E.ON have agreed to exchange assets totaling $ 800 million.
According to the agreement, Fortum receives E.ON shares in energy assets in Norway and Russia and sells a number of its own assets in Germany and Sweden to the concern. In order to balance the value of the deal, Fortum will pay E.ON € 150 million. Fortum also agrees not to prevent the merger of E.On and the leading German gas company Ruhrgas. The authorized capital of Lenenergo is 897 million rubles.
The largest shareholders are RAO «UES of Russia» — 49%, E.ON Energie (Germany) — 9.29%, ZAO ABN Amro Bank (nominal holder) — 5%, Citibank (nominal holder) — 4.89%, CJSC «ING Bank (Eurasia)» (nominal holder) — 4.82%, CJSC «Brunswick UBS Warburg Nominees» (nominal holder) — 4.48%, Fortum Power and Heat (Finland) — 4.16%, Emerging Marketing Growth Fund (USA) — 3.09%.