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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.
| 1 Dec 2006 |
| Fortum's nomination committee appointed | 13 Nov 2006 |
| Competition Authority's terms for Fortum's E.ON Finland acquisition now fulfilled | 10 Nov 2006 |
| Fortum shares subscribed for with share warrants | 8 Nov 2006 |
| Finnish and Swedish competition authorities approved Fortum's divestment of industrial maintenance s | 31 Oct 2006 |