Fortum is trading at €23.52 (-4.16%) after Elmera offer acceptance fell below the required 90% threshold.
- Fortum reported 88.59% acceptance, leaving completion uncertain.
- The offer period was extended to October 2, 2026; the NOK 47-per-share terms remain unchanged.
- The earlier Alphabet-Loviisa nuclear agreement remains supportive, but was not a fresh September 21 catalyst.