EnergyWatch

Finnish state ensures Fortum's liquidity with billion-euro loan

The Finnish utilty’s majority shareholder, Finland, ensures Fortum’s solvency via a bridge financing deal in the event energy prices and associated costs rise further.

Fortum gets EUR 2.35bn to bridge financing requirement should the need arise. | Photo: Fortum

Europe’s energy crisis continues to pose a danger to many sector players, and the increasingly turbulent market situation is prompting many countries in the region to take precautionary measures for the coming time.

Fortum, hit hard by rising energy prices, has now also received some aid from its majority owner, the Finnish state, in the event the situation deteriorates further, Fortum informs in a press statement.

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