Fortum Oyj (HLSE:FORTUM) has launched collection of binding offers to buy its Russian assets with the key condition being closure before July 1, 2022, Kommersant business daily reported on June 14, 2022 quoting sources. In Russia, Fortum owns a producer and seller of electric and thermal power of the same name, a 29.5% stake in Public Joint Stock Company Territorial Generating Company No. 1 (MISX:TGKA) (Territorial Generating Company-1 (TGC-1)), a 76.1% stake in Uniper SE (XTRA:UN01), which in its turn owns an 83.73% stake in Public Joint-Stock Company Unipro (MISX:UPRO).

The sources told Kommersant that Gazprombank (Joint-stock Company) is interested in all assets, and may finance the deal for Gazprom Energoholding paying $1.5-2 billion per each firm, the business daily said. Other contenders include Public Joint Stock Company Inter RAO UES (MISX:IRAO), which plans to file offers for Unipro and Fortum, and Siberian Coal Energy Company (SUEK), which is interested only in Unipro. According to the sources, independent gas producer Novatek also expressed interest in assets of Fortum.

Collection of the offers should be finished until June 21, 2022.