July 18 (Reuters) - Fortum Oyj:

* INSIDE INFORMATION: FORTUM TO SELL ITS RECYCLING AND WASTE BUSINESS TO SUMMA EQUITY FOR APPROXIMATELY EUR 800 MILLION

* TOTAL CONSIDERATION ON A DEBT- AND CASH-FREE BASIS IS APPROXIMATELY EUR 800 MILLION

* BASED ON BALANCE SHEET AVAILABLE AT SIGNING, FORTUM WOULD RECORD A TAX-EXEMPT CAPITAL GAIN OF APPROXIMATELY EUR 110 MILLION

* INAL CAPITAL GAIN WILL DEPEND ON BALANCE SHEET VALUE AT CLOSING

* TRANSACTION IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS AND IS EXPECTED TO BE COMPLETED IN Q4 OF 2024.

* BUSINESSES ARE LOCATED IN FINLAND, SWEDEN, DENMARK AND NORWAY AND CURRENTLY EMPLOY APPROXIMATELY 900 EMPLOYEES.

* CONTINUES STRATEGIC REVIEW OF ITS REMAINING CIRCULAR SOLUTIONS' BUSINESSES

* TRANSACTION WILL LOWER FORTUM'S GUIDANCE FOR CAPITAL EXPENDITURE. FROM 2025 ONWARDS

* GROUP'S ANNUAL MAINTENANCE CAPITAL EXPENDITURE IS EXPECTED TO BE EUR 250 MILLION (PREVIOUSLY: 300 MILLION)

* CAPITAL EXPENDITURE (EXCLUDING ACQUISITIONS) FOR 2024-2026 IS EXPECTED TO BE UP TO EUR 1.6 BILLION (PREVIOUSLY: UP TO EUR 1.7 BILLION). Source text for Eikon: Further company coverage: (Gdansk Newsroom)