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Forex trading idea
Fortum to sell its stakes in biobased solutions businesses in India
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Publish Date: Mon, 23 Sep 2024, 06:59 AM
STOCKHOLM, Sept 23 (Reuters) - Fortum (FORTUM.HE) , opens new tab said on Monday it had agreed to sell its 37.4% stake in Finnish biorefining technology firm Chempolis, including Fortum's biobased solutions businesses, and its stake in the firm that owns 40.3% of Assam Bio Ethanol in India.
The Finnish energy group said in a statement the buyer is India's AM Green Technology & Solutions.
Fortum said the divestment is a part of its strategic review and would not have a material impact on its result.
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https://www.reuters.com/technology/fortum-sell-its-stakes-biobased-solutions-businesses-india-2024-09-23/