Fortum's Ownership of Elmera Group Nears 92% After Settlement of Cash Tender Offer

03:06 AM EDT, 10/23/2026 (MT Newswires) -- Fortum's (FORTUM.HE) shareholding in Elmera Group (ELMRA.OL) increased to 91.92% after settlement of its 463 million-euro voluntary cash tender offer for the Norwegian electricity supplier. The Finnish energy company said Friday that it acquired 105,108,968 shares at 47 Norwegian kroner apiece, representing 96.12% of Elmera's share capital and voting rights excluding treasury shares. Fortum plans to compulsorily acquire the remaining shares not held by it or Elmera in the coming weeks, followed by a delisting from Euronext Oslo Børs. Elmera will be consolidated into Fortum's Consumer Solutions segment.