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===1998–2010=== Fortum Corporation was founded in 1998. It was created from the merging of Imatran Voima and [[Neste Oy]], the Finnish national oil company.<ref>{{Cite web|date=1998-06-17|title=IVO-Neste Yhtymästä Fortum|url=https://www.mtvuutiset.fi/artikkeli/ivo-neste-yhtymasta-fortum/5431626|access-date=2021-07-29|website=mtvuutiset.fi|language=fi}}</ref> In 2003, Fortum bought parts of [[Fredrikstad Energi]] and [[Fredrikstad Energi Nett]] in a swap deal with [[E.ON]].<ref>{{cite web |title=Fortum i mål i Fredrikstad Energi |url=https://www.nettavisen.no/nyheter/fortum-i-mal-i-fredrikstad-energi/1879388.html |language=no|date=2003}}</ref> In 2005 most of Neste's assets were divested into a separate stock-listed company [[Neste Oil]].<ref>{{Cite web|date=2005-03-11|title=Fortumin omistajat saavat kevään jakautumisessa Neste Oilin osakkeita|url=https://www.ts.fi/uutiset/1074030714|access-date=2021-07-29|website=[[Turun Sanomat]]|language=fi}}</ref> In 2007, Fortum acquired 25.66% stake in [[TGK-1]], operating in northwest Russia.<ref name=reuters160207>{{cite news | url = http://uk.reuters.com/article/tgk-1-fortum-idUKL1691603820070216 | archive-url = https://web.archive.org/web/20160305142120/http://uk.reuters.com/article/tgk-1-fortum-idUKL1691603820070216 | url-status = dead | archive-date = March 5, 2016 | title = Russia seen blocking Fortum from TGK-1 control | work = [[Reuters]] | date=2007-02-16 | access-date=2014-08-29}} </ref> In 2008, Fortum privatized the natural gas, power and heat generation company TGK-10 (now: {{ill|OAO Fortum|fi}}), operating in central and northern Russia.<ref name=bloomberg280208>{{cite news |url = https://www.bloomberg.com/news/articles/2008-02-28/fortum-buys-russian-generator-tgk-10-for-1-2-billion |title = Fortum Buys Russia Utility TGK-10, May Pay $3 Billion |first = Yuriy |last = Humber | work = [[Bloomberg L.P.|Bloomberg]] | date = 2008-02-28 |access-date = 2014-08-29 |url-status = live |archive-url = https://web.archive.org/web/20140903084216/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afFO2T_7ItzU |archive-date = 2014-09-03}}</ref>
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