Ashurst advises on the €2.55 billion acquisition of Fortum Distribution Finland
Ashurst advised a consortium comprising Borealis Infrastructure and First State Investments, together with Finnish institutional investors Keva and LocalTapiola Pension, on the €2.55 billion agreement to acquire 100% of the Finnish electricity distribution business, Fortum Distribution Finland ("FDF"), from the Fortum Group. FDF is the owner of the largest electricity distribution network in Finland, with over 600,000 customers across the country, representing more than 20% market share.