Market buzz: Fortum considering selling grids

Reuters is reporting that Finnish State-controlled company Fortum (OMXH: FUM1V) has hired two banks to explore a potential sale of its power grids network. A deal might be the biggest in the Nordic countries in years and bring the company up to 5 billion Euros. Fortum hasn’t been happy with the returns from its distribution networks and has said it will make a decision on its future this year. The state involvement and the strategic nature of the deal would complicate matters.