Energy company Fortum has launched a €450 million acquisition bid for Elmera, a Nordic electricity retailer.
The move marks a significant expansion of Fortum’s retail operations in the region, targeting a key player in the competitive power supply market.
2% decline, reflecting broader risk-off sentiment that has weighed on regional markets.
The announcement coincided with a weak start to the trading week for Nordic equities.
The Helsinki stock exchange opened Tuesday with a 1.2% decline, reflecting broader risk-off sentiment that has weighed on regional markets.
Savox emerged as the most actively traded share in the session, anchoring volume despite the broad-based downturn.
This consolidation activity comes as consumer confidence in Finland showed signs of recovery, rising to its highest level since February 2022 in June.