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Finnish utility Fortum lines up new board chair in strategic shake-up

Finnish utility Fortum lines up new board chair in strategic shake-up Jan 27 (Reuters) - Finnish power utility Fortum FORTUM.HE proposed on Friday to elect Mikael Silvennoinen as chair of its board of directors as part of a strategic shift prompted by the war in Ukraine. Fortum agreed in September to sell its majority stake in Uniper UN01.DE to Germany after the German company booked significant losses following Russia's invasion of Ukraine and subsequent rise in energy prices.
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Mikael Silvennoinen Proposed To Be Elected As Chair Of Fortum

BRIEF-Mikael Silvennoinen Proposed To Be Elected As Chair Of Fortum Jan 27 (Reuters) - Fortum Oyj FORTUM.HE : MIKAEL SILVENNOINEN IS PROPOSED TO BE ELECTED AS CHAIR Source text for Eikon: ID:nWkr43bwyc Further company coverage: FORTUM.HE (Gdansk Newsroom)
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Fortum gets regulator's backing to extend Loviisa nuclear output

Fortum gets regulator's backing to extend Loviisa nuclear output HELSINKI, Jan 26 (Reuters) - Two nuclear reactors at Fortum's Loviisa plant can safely continue operating until 2050, the Finnish radiation and nuclear safety authority said on Thursday. "As a result of the Loviisa power plant's continuous improvement of safety and ageing management, the power plant is in good condition and the lifetime extension is possible," Fortum's Loviisa plant chief Sasu Valkamo said in a statement.
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Fortum gets regulator's backing to extend Loviisa nuclear output

BRIEF-Fortum gets regulator's backing to extend Loviisa nuclear output Jan 26 (Reuters) - Fortum Oyj FORTUM.HE : STUK GREEN LIGHTS CONTINUED OPERATION OF FORTUM'S LOVIISA NUCLEAR POWER PLANT FINNISH RADIATION AND NUCLEAR SAFETY AUTHORITY (STUK) HAS GIVEN MINISTRY OF ECONOMIC AFFAIRS AND EMPLOYMENT A POSITIVE STATEMENT REGARDING SAFETY REVIEW OF FOR
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Shareholders of gas group Uniper approve German bailout

* Investors in Uniper vote in favour of state bailout * Uniper avoided insolvency by turning to state * Uniper has access to 2.5 billion euros of funds -CEO By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Dec 19 (Reuters) - Shareholders in Uniper UN01.DE on Monday approved a state bailout that has so far cost the German government more than 50 billion euros ($53 billion), paving the way for a de facto nationalisation of the struggling gas giant.
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