Fortum Increases Stake in Elmera Group to 92% Following Cash Tender Offer

Key Facts

1Fortum increased its stake in Elmera Group to approximately 92% following the settlement of a cash tender offer.

Fortum increased its stake in Elmera Group to approximately 92% following the settlement of a cash tender offer. Benzinga reported that the increase in ownership follows the execution and settlement of a previously announced cash offer for the shares of Elmera Group.

FOJCY closed at $5.11 on October 22, 2026, with the stock trading between a day low of $5.03 and a high of $5.15 during that session. The transaction strengthens Fortum's control over the subsidiary through the standard consolidation of ownership.