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Croatian energy utility to take stake in sapnish Fennovoima 14% stakes

byCustoms Today Report
03/07/2015
in Uncategorized
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MADRID: Chief executive Toni Hemminki (left), public relations manager Niina Miettinen and communications manager Maira Kettunen submitted a construction licence application to the Ministry of Employment and the Economy on behalf of Fennovoima on Tuesday.

Chief executive Toni Hemminki (left), public relations manager Niina Miettinen and communications manager Maira Kettunen submitted a construction licence application to the Ministry of Employment and the Economy on behalf of Fennovoima on Tuesday.

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Fennovoima revealed in a surprise announcement on Tuesday that its largest shareholder, Voimaosakeyhtiö SF, has brought in a new shareholder from Croatia. The energy utility in question, Migrit Solarna Energija, is a relatively unknown player in the energy market and is set to take a 14 per cent stake in Voimaosakeyhtiö SF, bringing its imputed indirect ownership interest in Fennovoima to 9 per cent.

Its traces may lead to Moscow, however. Enquiries made by Helsingin Sanomat suggest that key persons behind the energy utility may be affiliated with the management of Inteko, a well-known Russian construction company. Overall, the Hanhikivi Nuclear Power Plant is expected to cost 6.5—6.7 billion euros.

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