Masdar acquires Greece's TERNA ENERGY for €3.2bn, the largest energy transaction on the Athens Stock Exchange.
Masdar, the UAE's clean energy leader, has signed a definitive agreement with GEK TERNA and other shareholders to acquire Greece's TERNA ENERGY for €3.2bn ($3.43bn). This deal represents the largest ever energy transaction on the Athens Stock Exchange and one of the largest in the European renewables market. The acquisition, which values TERNA ENERGY's total equity at €2.4bn, will contribute significantly to Greece's renewable energy capacity and support the EU's net zero by 2050 goals.
June 20, 2024
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