Abu Dhabi Future Energy Company (Masdar) has completed the acquisition of 100% of share in Greece’s Terna Energy.The acquisition follows the successful completion…
Abu Dhabi Future Energy Company (Masdar) has completed the acquisition of 100% of share in Greece’s Terna Energy.
The acquisition follows the successful completion of an all-cash mandatory tender offer (MTO) and squeeze-out process for the remaining 30% shares of the company at a price of $22.9 (€20) per share.
Masdar acquired 70% of Terna Energy from GEK TERNA and other shareholders in November 2024, in a deal that gave the company an enterprise value of $3.5 billion (€3.2 billion), marking the biggest energy transaction on the Athens Stock Exchange at the time, and one of the largest in the EU renewables industry.
Following the approval from the Hellenic Capital Market Commission, Terna Energy shares will be delisted from the Athens Stock Exchange.
Terna Energy has been a key player in the renewable energy sector in Southeastern and Central Europe for over two and a half decades, holding the largest and most diversified portfolio in Greece, as well as projects in Bulgaria and Poland and has a solid pipeline of growth opportunities.
Greece’s renewable energy leader owns and operates clean energy projects across wind, solar, biomass and
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