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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.
| 20 Jan 2006 |
| ESPOO CITY COUNCIL APPROVED SALE OF E.ON FINLAND SHARES | 17 Jan 2006 |
| Fortum shares subscribed for with share warrants | 12 Jan 2006 |
| Fortum to apply for the listing of the 2001B options issued to key employees on the Main List of the | 4 Jan 2006 |
| FORTUM AND CITY OF ESPOO REACH AGREEMENT ON E.ON FINLAND SHARES | 21 Dec 2005 |