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Fortum reported a drop in third-quarter profit, citing lower power generation from its nuclear and hydro plants which also pushed its net debt higher.
Finnish utility Fortum reported a sharp drop in second-quarter profit, citing struggles with its core nuclear and hydropower assets, while announcing a major acquisition to expand its wind power portfolio.
Fitch Ratings upgraded Fortum's long-term credit rating to BBB+ from BBB, citing the Finnish energy company's improved financial strength and sustained reduction in debt.
| 7 Mar 2016 |
| Fortum received subscriptions representing 93.35% of the share capital in the tender offer of Grupa DUON S.A. in Poland | 2 Mar 2016 |
| Fortum completes its multi-year investment programme in Russia - Chelyabinsk GRES unit 2 commissioned | 1 Mar 2016 |
| Fortum's 2015 reporting entity published | 25 Feb 2016 |
| Fortum secures at least 51% of shares in the electricity and gas sales company Grupa DUON S.A. in Poland | 25 Feb 2016 |