Fortum Oyj said its recommended voluntary cash tender offer for Norwegian electricity retailer Elmera Group ASA has met the 90% minimum acceptance condition. The offer price is NOK 47 per share.
The offer was first detailed in an offer document dated August 20, 2026. Regulatory approval conditions have also been met, and the offer period has been extended to October 2, 2026.
After the offer is completed, Fortum intends to acquire the remaining shares through a compulsory acquisition and delist Elmera from Euronext Oslo Børs. The acquisition would significantly expand Fortum’s customer base in the Nordic retail market.