References/6 Sep 2022

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.

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Service areas

Team

Jyrki Tähtinen

Senior Partner

Helsinki

Niina Nuottimäki

Partner

Helsinki

Ilkka Aalto-Setälä

Partner

Helsinki

Juha Koponen

Partner

Helsinki, London, New York

Andreas Doepel

Counsel, General Counsel

Helsinki

Jami Renholm

Associate

Helsinki

Henriikka Piekkala

Counsel

Helsinki

Henrik Koivuniemi

Senior Associate

Helsinki

Teo Virtanen

Associate

Helsinki

Nina Koivisto

Associate

Helsinki