Fortum Unit Secures Over 90% Elmera Shareholder Acceptances in Tender Offer

07:27 AM EDT, 09/25/2026 (MT Newswires) -- Fortum's (FORTUM.HE) Fortum Consumer Solutions met the minimum acceptance condition for its voluntary cash tender offer to acquire shares it does not own in Elmera Group (ELMRA.OL). Subject to customary verifications of acceptances, the Finnish energy company's unit received tenders for 102,940,761 shares, representing 90.02% of Elmera's share capital and voting rights, or 94.14% excluding the Oslo-listed electricity supplier's treasury shares, according to a Friday release. The offer period is set to expire on Oct. 2. Subject to the completion of the 47 Norwegian-krone-per-share offer and the fulfillment of relevant conditions, Fortum Consumer Solutions will begin compulsory acquisition of the remaining Elmera shares and plans to delist it from Euronext Oslo Børs.