Fortum takes control of Elmera with 91.92% stake

• Fortum settled its cash tender offer for Elmera Group on October 23, 2026, at NOK 47 per share.
• Total consideration was approximately EUR 463 million (NOK 4.94 billion).
• The acquisition secured 105,108,968 shares, representing 91.92% of issued share capital and voting rights, or 96.12% excluding treasury shares.
• Elmera will be consolidated into the Consumer Solutions segment.
• A compulsory acquisition of remaining shares is expected within weeks, followed by a planned delisting from Euronext Oslo Børs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortum Oyj published the original content used to generate this news brief via Cision (Ref. ID: 20261023:BIT:8923:0) on October 23, 2026, and is solely responsible for the information contained therein.