Fortum completes acquisition of Elmera Group

Fortum has completed the compulsory acquisition of all remaining shares in Elmera Group ASA as of October 30, 2026. Following this action, Fortum holds 100% of the company's equity.

The total consideration for the acquisition is approximately EUR 482 million. The redemption price for the shares is set at NOK 47 per share, matching the price offered during the company's previous voluntary cash tender offer.

The acquisition became effective following the close of trading on the Euronext Oslo Børs. The consolidation marks the end of Elmera Group's status as a publicly traded entity independent of Fortum ownership.