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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.
| 2 Feb 2011 |
| The nominees for Fortum's Board of Directors for the year 2011 | 2 Feb 2011 |
| Fortum, the Finnish State and Ilmarinen into preliminary agreement over the sale of Fortum's Fingrid shares | 26 Jan 2011 |
| Invitation to press and telephone conferences on 2 February 2011 | 25 Jan 2011 |