Fortum's Offer for Elmera Group ASA Meets Minimum Acceptance Condition
Fortum's voluntary cash offer for Elmera Group ASA has satisfied the minimum acceptance condition of 90%. The transaction will now proceed to the next stage.
Fortum Corporation announced on September 25, 2026, that its recommended voluntary cash offer for all issued and outstanding shares in Elmera Group ASA has met the minimum acceptance condition of 90%. The offer was made by Fortum Consumer Solutions AS, a wholly-owned subsidiary of Fortum.
The condition stipulated that at least 90% of Elmera's shares must be tendered for the offer to proceed. With this threshold met, Fortum can move forward with the next steps in completing the acquisition. Specific details on the offer's terms were not provided in the announcement.
Elmera Group ASA's board of directors had previously recommended shareholders accept Fortum's offer. This acquisition is expected to strengthen Fortum's presence in the energy retail and customer solutions sectors in specific markets. Elmera operates within the energy market, providing related services.
The completion of the offer remains subject to other customary conditions, which may include regulatory approvals, as outlined in the offer document. Fortum has indicated it will provide further updates on the process as scheduled.