Fortum has received sell commitments from shareholders representing at least 51% of shares in the public tender offer to purchase all shares in Grupa DUON S.A.
Fortum announced that it will carry out the acquisition and buy the shares subscribed by the end of the offer period on 26 February 2016. The offered price is PLN 3.85 per share.
The planned date of the settlement of the acquisition of shares is 7 March 2016.
Fortum announced that the acquisition of Grupa DUON is in line with the company’s strategy to offer and grow in sustainable city solutions including electricity sales and related customer services.
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/29022016/fortum-acquires-shares-in-grupa-duon-2060/