Fortum Consumer Solutions to acquire Elmera Group ASA for NOK 5.1 billion
Type: Acquisition · Technology: Utilities · Country: Norway · Value: $5.1B · Announced: 2026-06-29
Fortum Consumer Solutions AS, a wholly owned subsidiary of Fortum Oyj, announced a recommended conditional voluntary cash offer to acquire all outstanding shares in Elmera Group ASA for NOK 47 per share. The offer values Elmera's equity at approximately NOK 5.1 billion, representing a premium of approximately 59% to Elmera’s closing share price on June 24, 2026. Elmera is a Nordic electricity retailer with core business in the sale of electricity to consumers and business customers in Norway, Sweden, and Finland. Elmera's Board of Directors unanimously recommended shareholders accept the offer, which follows a transaction agreement between Elmera and Fortum. ABG Sundal Collier acted as Elmera’s exclusive financial adviser in connection with this landmark transaction.
Counterparties
- Fortum Consumer Solutions AS (Buyer)
- ABG Sundal Collier (Buyer)
- Elmera Group ASA (Seller)
- Fortum (Parent Company)