Finland Secures Gas Utility

GALWAY, IRELAND--November 7, 2014 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) The Finnish government has spent €510 million ($638 million) to buy back a majority stake in its only gas utility, Gasum, in an effort to reduce its dependency on Russian gas supplies.

The government has agreed to pay €310 million for the 31% stake held by Finnish energy company...