Government 51% stake in Fortum Oyj drives stock surge

Government 51% stake in Fortum Oyj ( HEL:FORTUM ) drives stock surge

The state or government collectively owns 52% of Fortum Oyj, giving them a greater say in management and business strategy. 💼

Finland is the largest shareholder with 51% of shares outstanding. 💰

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Ilmarinen Pension Insurance Co. Ltd and BlackRock, Inc. are the second and third largest shareholders with 2.0% each. 💵

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Insider ownership is less than 1%, with a total value of €2.4m. 🕵️‍♀️

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The general public holds a 29% stake in the company. 👥

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The stock of Fortum Oyj gained 4.3% last week, leading to a €12b market cap. 💹

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It is advisable to consider other information, including warning signs and analyst predictions, to gain a better insight into the company's future. 🔍

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