Masdar Acquires the Greek Energy Company GEK TERNA in a Remarkable €3.2 Billion Deal
/ABU DHABI, UAE & ATHENS, June 20, 2024, 11:30 BST, Masdar/ Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the UAE’s clean energy leader, has announced its definitive agreement with GEK TERNA SA (GEKTERNA.AT) and other shareholders of TERNA ENERGY SA (TENERGY.AT) to acquire 67% of the company’s outstanding shares initially. This is subject to regulatory approvals and other conditions. Upon completion of the initial acquisition, Masdar will launch an all-cash mandatory tender offer to acquire the remaining outstanding shares, aiming to reach 100% ownership.
