Fortum to sell its stakes in biobased solutions businesses in India

Quick Summary:

STOCKHOLM : Fortum said on Monday it had agreed to sell its 37.4 per cent stake in Finnish biorefining technology firm Chempolis, including Fortum's biobased solutions businesses, and its stake in the firm that owns 40.3 per cent of Assam Bio Ethanol in India.

Fortum said the divestment is a part of its strategic review and would not have a material impact on its result.

The Finnish energy group said in a statement the buyer is India's AM Green Technology & Solutions.

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Category: EconomyBusiness

Markets: SingaporeIndia

Topics: Firm Fortum Cent Photo: File Solutions Logo Stake India Technology Finnish

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 14:51:58 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

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Sentences: 8 lines

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