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TERNA ENERGY Industrial Commercial Technical Societe Anonyme (0OJX.IL)
- POWER Magazine
Masdar Inks $3.4 Billion Deal to Acquire Greece Renewable Energy Major
Masdar, the Abu Dhabi-based renewable energy major, said it has agreed to buy Greece’s Terna Energy in a €3.2 billion ($3.4 billion) deal. The agreement signed June 20 is one […]
- Reuters
UAE renewables company Masdar to buy Greece's Terna Energy
United Arab Emirates renewable energy company Masdar said on Thursday it has reached an agreement to buy an initial 67% stake in Greece's Terna Energy and intends to make a mandatory offer to buy the rest. Masdar has signed a definitive agreement with Greek conglomerate GEK Terna and other shareholders to buy the 67% stake in Terna Energy at 20 euros ($21.45) per share. GEK Terna owned 37.93% of Terna Energy as of June 4, according to LSEG data.
- PR Newswire Asia
Masdar and GEK TERNA Strike Landmark €3.2bn¹ Deal: UAE Renewables Champion to Acquire Greece's TERNA ENERGY
Abu Dhabi Future Energy Company PJSC – Masdar ("Masdar"), the UAE's clean energy leader, announced today that it has reached a definitive agreement with GEK TERNA SA (GEKTERNA.AT) and other shareholders of TERNA ENERGY SA (TENERGY.AT), with the intention to acquire initially 67% of the company's outstanding shares at completion of the transaction, subject to regulatory approvals and other conditions. After completion of the transaction, Masdar will launch an all-cash mandatory tender offer to ac
