OREANDA-NEWS. Fortum received subscriptions from shareholders representing altogether 93.35% of shares in the public tender offer to purchase all shares in Grupa DUON S.A., an electricity and gas sales company listed on the Warsaw Stock Exchange. The subscription period ended on 26 February 2016 and the offered price was PLN 3.85 per share.

The planned date of the settlement of the acquisition of shares is 7 March 2016.

Fortum announced the tender offer for Grupa DUON S.A. on 8 January 2016. The acquisition is in line with Fortum's strategy to offer and grow in sustainable city solutions including electricity sales and related customer services.