Borenius advised the State of Finland’s EUR 2.35 billion bridge financing for Fortum

We advised the State of Finland on the EUR 2.35 billion bridge financing for Fortum Corporation, which the State issued in response to turbulence in the Nordic electricity derivatives market.

Fortum is one of the largest energy companies in northern Europe and a fundamental part of the Finnish national energy production system. The financing was carried out through Solidium Ltd, which is a holding company wholly owned by the State of Finland.

Our multi-disciplinary team of experts from several of our practice areas advised the State of Finland on all aspects of the transaction.