Finnish energy company Fortum has received acceptances for its cash offer for Elmera from shareholders representing approximately 90.02 percent of the shares and votes, meaning that the offer’s minimum acceptance condition has been met.
The offer is NOK 47 per share and the acceptance period runs until October 2. The other completion conditions remain in place. Following completion of the offer, Fortum intends to compulsorily acquire the remaining shares and seek delisting from Oslo Børs.
