Divestment Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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For bills and businesses with winter coming down the pipeline. well, one company right at the heart of the issue is fortum. it's one of the biggest power suppliers across the nordics, and it operates on the doorstep of both russia and western europe — and, as so happens, its energy is green. markus rauramo, a real pleasure having you on the show. and markus, let's start with this, because before the war, you had operations in russia that were valued at around $2 billion — then russia invaded ukraine. markus, what happened to your operations in russia after that invasion? immediately when r...

Than to exit russia. so, we started a divestment process, which is still going on. a couple of months back, actually, russia took over administrative control of our operations in russia, changed the ceo. and today, we have no access to information from the company, and we have no access to the cash flows. we don't get loan repayments from russia. and what happened after that is that we have written down, actually, our assets values in russia down to zero, and we have de—consolidated the business. so from our point of view, that chapter is now behind us, and what we are doing today is we have...

So we started a divestment process — which is still going on. a couple of months back, actually, russia took over administrative control of our operations in russia, changed the ceo. and today, we have no access to information from the company, and we have no access to the cash flows. we don't get loan repayments from russia. and what happened after that is that we have written down, actually, our assets values in russia down to zero, and we have de—consolidated the business. so from our point of view, that chapter is now behind us, and what we are doing today is we have started the proces...

Markus rauramo, a real pleasure having you on the show. and markus, let's start with this, because before the war, you had operations in russia that were valued at around $2 billion — then russia invaded ukraine. markus, what happened to your operations in russia after that invasion? immediately when russia started its attack war in ukraine, we took the decision that we will not finance our russian operations any more, we will not take any new investment decisions. quite soon after that, we came to the conclusion that we have no other alternative than to exit russia. so we started a divestme...