02:38 AM EDT, 09/21/2026 (MT Newswires) -- Fortum (FORTUM.HE) said Monday that its ownership of Elmera Group (ELMRA.OL) amounted to 88.59% at the expiration of the initial acceptance period for its takeover proposal of 47 Norwegian kroner per share. The initial acceptance period closed on Sept. 18, with the Finnish energy company holding 101,302,124 shares in the Norwegian electricity supplier through Fortum Consumer Solutions. Shareholders of the target have until Oct. 2 to accept the offer, following an earlier extension.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.