Fortum Corporation (FUM1V) - Power - Deals and Alliances Profile

 Published On: Sep, 2016 |    No of Pages: 165 |  Published By: GlobalData | Format: PDF
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Summary

Fortum Corporation (Fortum) is an energy company, which generates, distributes and sells heat and electricity. The company undertakes operation and maintenance of power plants; and offers energy-related services. Fortum's operational assets include hydropower plants, condensing power plants, wind power plants, nuclear reactors and combined heat and power plants. The company also offers district heating; nuclear safety and waste management services. It has operations in Estonia, Finland, the UK, Latvia, Poland, Russia, Lithuania, Norway and Sweden. Fortum is headquartered in Espoo, Finland.

The company intends to achieve growth in its earnings in Russia. To this end, in December 2014, the company signed a protocol with Gazprom Energoholding to restructure its ownership in TGC-1 and increase its share in the hydropower-focused company by more than 75%.

Fortum Corporation (FUM1V) - Power - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Power eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company's operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 2
List of Tables 6
List of Figures 8
Fortum Corporation, Power, Deals By Year, 2010 to YTD 2016 9
Fortum Corporation, Power Deals By Type, 2010 to YTD 2016 10
Fortum Corporation, Power, Deals By Region, 2010 to YTD 2016 11
Fortum Corporation, Power, Deals By Sector, 2010 to YTD 2016 12
Fortum Corporation, Power, Deals Summary, 2010 to YTD 2016 13
Fortum Corporation, Power, Deal Details 17
Asset Purchase 17
Fortum India Plans to Acquire Hydro Power Assets in India 17
Fortum To Acquire District Heat Operations Of Erakute In Estonia For US$9.2 Million 18
Fortum to Invest USD112.6 Million in Solberg Wind Power Plant in Vasternorrland County, Sweden 19
Fortum May Acquire Minority Stakes in Solar Power Plants in India from SunEdison 20
Fortum Generation Acquires Solberg Wind Farm in Sweden from Arise 21
Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 22
Fortum and Lietuvos Energija to Invest USD171.2 Million in Biomass Power Plant in Kaunas, Lithuania 23
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 24
Fortum Acquires Solar Power Plant In India 25
Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 26
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 27
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 28
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 29
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 30
Fortum Corporation To Acquire 1% Stake In Bulgaria Nuclear Power Plant From Rosatom And NEK 31
Skelleftea And Fortum To Invest US$508 Million For Blaiken Wind Power Project, Sweden 32
Fortum To Invest US$157 Million For Combustion And Biomass Power Plant, Poland 33
Fortum Acquires Nokia Gas Turbine Power Plant From NLV, Finland 34
Fortum Varme Completes Project Financing of USD70.5 Million for Refinancing of Stockholm Biomass Power Plant in Sweden 35
Fortum Varme Completes Project Financing of USD352.5 Million for Stockholm Biomass Power Plant in Sweden 36
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 37
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 38
Venture Financing 39
AW-Energy Raises US$9 Million In Venture Financing Round 39
Private Equity 41
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 41
Partnerships 42
Fortum Enters Into An Agreement With Sollentuna Energi 42
Debt Offering 43
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 43
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 44
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 45
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 46
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 47
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 48
Fortum Completes 3.125% Fixed Notes Offering For US$429 Million 49
Fortum Completes Floating Rate Notes Offering For US$429 Million 50
Asset Transactions 51
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 51
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 52
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 53
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 54
Wpd Europe Acquires Tohkoja Wind Farm in Northern Ostrobothnia, Finland From Fortum 55
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 56
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 57
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 58
Fortum Plans To Sell Sweden Power Grid Business 59
Fortum Plans To Sell Norway Power Grid Distribution Business 60
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 61
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 62
Acquisition 63
Fortum Completes Acquisition of 81% Stake in Ekokem from Finland, Association of Finnish Local and Regional Authorities, Ilmarinen and Helsinki Region Environmental Services for USD525.3 Million 63
Fortum Acquires Grupa Duon in Tender Offer 65
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 66
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 68
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 69
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 70
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 71
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 72
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 74
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 75
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 76
Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 77
Karlskoga Municipality Acquires 49% Interest In Karlskoga Energi & Miljo From Fortum 78
Fortum Corporation - Key Competitors 79
Key Employees 80
Locations And Subsidiaries 81
Head Office 81
Other Locations & Subsidiaries 81
Recent Developments 86
Aug 17, 2016: Fortum to operate and maintain Tees Renewable Energy plant in UK 86
Aug 05, 2016: Annual outage 2016 to begin at Fortum's Loviisa nuclear power plant 87
Jul 20, 2016: Fortum Interim Report January-June 2016 88
Jul 03, 2016: Fortum looks to spend in greenfield solar energy projects in India 101
Jun 17, 2016: Fortum signs a new EUR 1.75 billion revolving loan facility 102
Jun 14, 2016: Cornerstone laid at Fortum's new combined heat and power plant in Zabrze, Poland 103
May 20, 2016: Three Nordic utilities call for action to strengthen the EU carbon market 104
May 16, 2016: Finnish Administrative Court confirms the favourable decision granted to Fortum on Belgian financing company taxation 105
Apr 29, 2016: Fortum to appeal income tax decisions made by the Swedish Administrative Court regarding years 2009-2012 106
Apr 28, 2016: Fortum Interim Report January-March 2016: Satisfactory results, considering continuously weak power prices 107
Apr 26, 2016: Saft to deliver Li-ion battery system for electricity storage pilot project in Nordic countries 111
Apr 22, 2016: Fortum continues its virtual power plant experiment with the launch of the biggest Nordic electricity storage pilot project 112
Apr 19, 2016: Fortum calls for EU-level sustainability criteria and phase out of subsidies for biomass 113
Apr 15, 2016: Fortum to start building the Solberg windfarm in Sweden 114
Apr 12, 2016: Fortum's targets and next steps in solar 115
Apr 05, 2016: Fortum Corporation's Board Committees 2016 116
Mar 09, 2016: Fortum and a group of households participate together in the balancing power market in an virtual power plant experiment first of its kind 117
Mar 02, 2016: Fortum receives letter of intent for 70MW solar PV project in India 118
Mar 01, 2016: Fortum completes its multi-year investment programme in Russia - Chelyabinsk GRES unit 2 commissioned 119
Feb 22, 2016: Valmet and Fortum: uniform EU-level sustainability criteria for bioenergy 120
Feb 19, 2016: Fortum to reorganise its business structure as of 1 April 2016 121
Feb 17, 2016: Solidification plant for Fortum's Loviisa power plant's liquid radioactive waste starts operation 124
Feb 12, 2016: Fortum's new bio-fuelled CHP plant in Stockholm in final testing phase before commissioning 125
Feb 03, 2016: Fortum targets to lower the fixed cost base of current operations by EUR 100 million 126
Feb 03, 2016: Low electricity prices and write-downs burdened continuing results - Dividend proposal EUR 1.10 per share 127
Feb 03, 2016: Fortum's new vision and strategic cornerstones; updated financial targets 131
Jan 20, 2016: Fortum's fourth quarter net profit will be impacted negatively by approx. EUR 185 million due to one-time impairments and provisions as well as fair value changes in derivatives 133
Jan 04, 2016: A good and safe production year 2015 at Fortum's Loviisa nuclear power plant - sizeable investment programme progressed as planned 134
Dec 28, 2015: Fortum improves the supply of electricity and water in the village of Kapeli, India 135
Dec 23, 2015: Fortum starts 35MW wind farm project in Russia 136
Dec 22, 2015: Fortum: Swedish tax authority assessment on intragroup loans for 2013 results in double-taxation 137
Dec 01, 2015: Fortum starts commercial operation of Chelyabinsk GRES power plant's unit 1 in Russia; Chelyabinsk GRES 2 further delayed 138
Nov 19, 2015: The future energy system needs hydropower 139
Nov 17, 2015: Fortum to build more wind power in Sweden 140
Nov 11, 2015: DEC Sign Sweden Blaiken Wind Farm Phase IV Contract 141
Nov 09, 2015: Fortum to supply a combustion technology solution to reduce nitrogen emissions at EDF Polska power plant in Poland 142
Sep 30, 2015: Fortum estimates approx. EUR 700 million one-time negative impact on net profit due to planned closure of OKG nuclear units 1 and 2 in Sweden 143
Sep 22, 2015: Fortum to supply more ion exchange materials for purification of radioactive liquids in Fukushima, Japan 144
Sep 18, 2015: Annual outage 2015 at Fortum's Loviisa nuclear power plant completed 145
Aug 18, 2015: Fortum to deliver solar power plant for Finnish Meteorological Institute's site in Helsinki 146
Aug 07, 2015: Annual outage 2015 to begin at Fortum's Loviisa nuclear power plant 147
Jul 17, 2015: Interim Report January-June 2015: Low electricity prices continued to impact results negatively - somewhat compensated by hydro volumes 148
Jun 23, 2015: Fortum would prefer continued operations at Oskarshamn nuclear power units 1 and 2 153
May 21, 2015: Anne-Malorie Geron appointed as VP EU Affairs in Fortum's Corporate Relations 154
May 06, 2015: EU Horizon 2020 programme grants EUR 17 million for wave power research project coordinated by Fortum 155
Apr 29, 2015: Fortum Interim Report January-March 2015: Successful divestment of the Swedish electricity distribution business 156
Apr 15, 2015: IFRS 5 restatement of Fortum's income statement and cash flow for 2014 Distribution segment treated as discontinued operations 157
Mar 31, 2015: Fortum to invest in a new combined heat and power plant in Zabrze, Poland 158
Mar 26, 2015: Seabased Industry AB launches its first wave power park 159
Feb 27, 2015: Fortum's Markus Rauramo in Brussels: Competitive heat markets help in reaching EU climate and energy targets 160
Feb 04, 2015: Pekka Lundmark appointed Fortum's new President and CEO 161
Jan 15, 2015: Fortum Origination signs long term Balance and Trading agreement with BlaikenVind 162
Jan 08, 2015: KPA Unicon to supply a boiler plant to Fortum, Joensuu in Finland 163
Jan 02, 2015: A successful production year 2014 at Fortum's Loviisa nuclear power plant 164
Appendix 165
Methodology 165
About GlobalData 165
Contact Us 165
Disclaimer 165

List of Tables
Fortum Corporation, Power, Key Facts, 2015 1
Fortum Corporation, Power, Deals Summary, 2010 to YTD 2016 1
Fortum Corporation, Power, Deals By Year, 2010 to YTD 2016 9
Fortum Corporation, Power Deals By Type, 2010 to YTD 2016 10
Fortum Corporation, Power, Deals By Region, 2010 to YTD 2016 11
Fortum Corporation, Deals By Sector, 2010 to YTD 2016 12
Fortum Corporation, Power, Deals Summary, 2010 to YTD 2016 13
Fortum India Plans to Acquire Hydro Power Assets in India 17
Fortum To Acquire District Heat Operations Of Erakute In Estonia For US$9.2 Million 18
Fortum to Invest USD112.6 Million in Solberg Wind Power Plant in Vasternorrland County, Sweden 19
Fortum May Acquire Minority Stakes in Solar Power Plants in India from SunEdison 20
Fortum Generation Acquires Solberg Wind Farm in Sweden from Arise 21
Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 22
Fortum and Lietuvos Energija to Invest USD171.2 Million in Biomass Power Plant in Kaunas, Lithuania 23
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 24
Fortum Acquires Solar Power Plant In India 25
Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 26
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 27
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 28
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 29
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 30
Fortum Corporation To Acquire 1% Stake In Bulgaria Nuclear Power Plant From Rosatom And NEK 31
Skelleftea And Fortum To Invest US$508 Million For Blaiken Wind Power Project, Sweden 32
Fortum To Invest US$157 Million For Combustion And Biomass Power Plant, Poland 33
Fortum Acquires Nokia Gas Turbine Power Plant From NLV, Finland 34
Fortum Varme Completes Project Financing of USD70.5 Million for Refinancing of Stockholm Biomass Power Plant in Sweden 35
Fortum Varme Completes Project Financing of USD352.5 Million for Stockholm Biomass Power Plant in Sweden 36
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 37
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 38
AW-Energy Raises US$9 Million In Venture Financing Round 39
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 41
Fortum Enters Into An Agreement With Sollentuna Energi 42
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 43
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 44
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 45
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 46
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 47
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 48
Fortum Completes 3.125% Fixed Notes Offering For US$429 Million 49
Fortum Completes Floating Rate Notes Offering For US$429 Million 50
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 51
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 52
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 53
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 54
Wpd Europe Acquires Tohkoja Wind Farm in Northern Ostrobothnia, Finland From Fortum 55
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 56
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 57
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 58
Fortum Plans To Sell Sweden Power Grid Business 59
Fortum Plans To Sell Norway Power Grid Distribution Business 60
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 61
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 62
Fortum Completes Acquisition of 81% Stake in Ekokem from Finland, Association of Finnish Local and Regional Authorities, Ilmarinen and Helsinki Region Environmental Services for USD525.3 Million 63
Fortum Acquires Grupa Duon in Tender Offer 65
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 66
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 68
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 69
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 70
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 71
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 72
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 74
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 75
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 76
Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 77
Karlskoga Municipality Acquires 49% Interest In Karlskoga Energi & Miljo From Fortum 78
Fortum Corporation, Key Competitors 79
Fortum Corporation, Key Employees 80
Fortum Corporation, Other Locations 81
Fortum Corporation, Subsidiaries 82

List of Figures
Fortum Corporation, Power, Deals by Type, 2010 to YTD 2016 1
Fortum Corporation, Power, Deals By Year, 2010 to YTD 2016 1
Fortum Corporation, Power, Deals By Region, 2010 to YTD 2016 1
Fortum Corporation, Power, Deals By Sector, 2010 to YTD 2016 1
Fortum Corporation, Power, Deals By Year, 2010 to YTD 2016 9
Fortum Corporation, Power, Deals by Type, 2010 to YTD 2016 10
Fortum Corporation, Power, Deals By Region, 2010 to YTD 2016 11
Fortum Corporation, Power, Deals by Sector, 2010 to YTD 2016 12


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