The group has made public a tender offer to purchase the Polish company Grupa Duon SA. Fortum will carry out the acquisition if it receives at least 51% of the shares by the end of the offer. Shareholders representing 44% of the company capital including board directors have committed to selling their shares to Fortum. The price offered per share is PLN3.85, representing a 19% premium to the current price. The company has a market cap of PLN393m (€90.1m), with a business based in gas dis

08 Jan 2016
A likely acquisition in Polish gas infrastructure

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A likely acquisition in Polish gas infrastructure
The group has made public a tender offer to purchase the Polish company Grupa Duon SA. Fortum will carry out the acquisition if it receives at least 51% of the shares by the end of the offer. Shareholders representing 44% of the company capital including board directors have committed to selling their shares to Fortum. The price offered per share is PLN3.85, representing a 19% premium to the current price. The company has a market cap of PLN393m (€90.1m), with a business based in gas dis