Fortum prepares for M&A of the sector armed with a strong balance sheet, success from recent restructuring
The Finnish energy company Fortum prepares for M&A of the sector with a strong balance sheet, according to Kauppalehti. The Finnish paper cited Tapio Kuula, the company's Chief Executive who was speaking in conjunction with the company's July-September interim report. He said that in the current market situation, it is important to be ready for the potential M&A opportunities in the energy sector. He said that the ongoing successful implementation of restructuring program, as well as the successful sale of the electricity transmission business in Finland and Norway have continued to strengthen Fortum's balance sheet. He added that Fortum has the necessary expertise, strategic position and strong balance sheet, which allows the company to take advantage of new opportunities offered by the market.
Source Kauppalehti