Fortum has made an indicative, non-binding offer to acquire Ekokem

Fortum has made an indicative, non-binding offer to the four biggest shareholders in Ekokem to acquire their shareholding in the company.

The biggest shareholders are Finnish State, Association of Finnish Local and Regional Authorities, Ilmarinen Mutual Pension Insurance Company and Helsinki Region Environmental Services Authority HSY, representing more than 80% of the shares. Fortum does not estimate the timetable or the outcome.

The company in a statement said Ekokem is a Nordic circular economy company that would fit well with Fortum's clean energy strategy, which is focusing on providing sustainable solutions to cities and urban areas.