Fortum acquires 100% stake in Duon

Finnish power utility Fortum has acquired a 6.65 percent stake in Polish energy trader Duon, obtaining 100 percent of votes, a statement read. In March, Fortum had acquired a 93.35 percent Duon's stake equalling 111.9 mln shares in a tender offer, paying PLN 3.85 per share. Currently, Fortum has 119,858,462 Duon Group shares in total , representing 100 percent of the share capital and 100 percent of the total number of votes at the general meeting. Duon Group is one of the largest private Polish entities engaged in the retail of electricity and gas. The company has been listed on the WSE since 2007.