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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.
| 29 Apr 2008 |
| Terms and conditions of Fortum's mandatory offer to the minority shareholders of Russian TGC-10 published | 28 Apr 2008 |
| Fortum: Interim Report January - March 2008 | 24 Apr 2008 |
| Finnish Competition Authority appeals to the Supreme Administrative Court on the Market Court's ruling concerning Fortum's E.ON Finland acquisition | 17 Apr 2008 |
| DECISIONS BY THE ANNUAL GENERAL MEETING OF FORTUM | 1 Apr 2008 |