Fortum acquires remaining shares of Elmera Group to take full ownership
Fortum has completed the compulsory acquisition of all remaining shares in Elmera Group ASA, securing 100% ownership of the firm.
Fortum finalized the compulsory acquisition of all outstanding shares in Elmera Group ASA on October 30, 2026, following the close of trading on the Euronext Oslo Børs. The move grants the Finnish utility company total control of the Norwegian firm, with an aggregate transaction value of approximately EUR 482 million.
The redemption price for the shares is set at NOK 47 per share, matching the terms of the previous voluntary tender offer. Payments to shareholders are scheduled to be completed by November 5, 2026.
Following the acquisition, Fortum intends to delist Elmera from the Euronext Oslo Børs, with proceedings expected to conclude in early November. Elmera will be integrated into Fortum’s financial reporting as part of the Consumer Solutions segment starting October 31, 2026.