Fortum could be interested in acquiring E.ON's Swedish hydro power business - report
Fortum [HEL: FUM1V], the Finnish energy company, could acquire the German energy company E.ON’s [ETR: EOAN] Swedish hydro power business, according to Talouselama.
The Finnish language piece cited Henri Parkkinen, an analyst from Pohjola Bank, who noted that Fortum should be concentrating on its key market areas and it could take advantage of the German E.ON’s troubled situation.
Parkkinen said E.ON may be looking to exit Sweden. The German company has several hydro power stations in Sweden and these would be of interest to Fortum, the article noted. It said the Swedish Vattenfall is unlikely to be able to acquire E.ON’s hydro business because of competition issues but for Fortum, which has previous experience in hydro, it could be a suitable target.
Talouselama