Fingrid has sold its ownership in Nord Pool
October 31 2022 - 12:45PM
Fingrid has sold its ownership in Nord Pool
Stock Exchange Release 31 October 2022 at 18:45 EET
Fingrid Oyj has sold its shareholding in TSO Holding AS to
Litgrid Ab through a share transaction closed today, on 31 October
2022. TSO Holding owns 34 per cent of the shares in Nord Pool
Holding AS that operates the power exchange in 16 European
countries. The transaction will increase Litgrid Ab’s shareholding
in TSO Holding to 39.6 per cent.
“Power exchange business is competitive business in Europe. As a
natural monopoly, Fingrid's strategy is not to own competitive
businesses. This transaction completes the process started in 2019
of withdrawing totally from power exchange ownership,” says Fingrid
Oyj’s CEO Jukka Ruusunen of Fingrid Oyj’s decision to sell its
shareholding in TSO Holding AS.
Litgrid Ab’s parent company, EPSO-G has previously announced its
plans for the transaction on its website.
Further information:
Jukka Ruusunen, President and CEO, Fingrid Oyj, tel. +358 40 593
8428
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