Fortum sells its gas infrastructure assets in Poland to Infracapital
Fortum has agreed to sell 100% of its shares in Polish gas infrastructure company DUON Dystrybucja S.A. to Infracapital, the infrastructure investment arm of M&G Investments.
DUON Dystrybucja S.A. is transporting grid gas and LNG in Poland. The company was acquired as part of the acquisition of the electricity and gas sales company Grupa DUON S.A. (currently Fortum Markets Polska S.A.) in 2016 (announced on 8 January 2016).
The transaction is subject to regulatory approvals and customary closing conditions. Fortum expects to finalise the transaction during the third quarter 2017. The parties have agreed not to disclose the sales price.
The sale is expected to have a minor positive impact on Fortum's results.
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