Masdar Announces Acquisition of TERNA Energy

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Masdar has inked a definitive agreement with GEK TERNA SA and other shareholders of TERNA ENERGY SA to buy 67 per cent of the company’s outstanding shares at completion of the transaction. The transaction is subject to regulatory approvals and other closing conditions.

Upon completion of the transaction, Masdar will launch an all-cash mandatory tender offer to buy all the remaining outstanding shares. Furthermore, the transaction and subsequent offer values TERNA ENERGY’s total equity at €2.4 billion with an enterprise value of €3.2 billion.

This deal is anticipated to bring capital investment to Greece and other European nations, bolstering TERNA ENERGY’s role in Greece’s National Energy and Climate Plan (NECP) and the EU’s goal of achieving net zero by 2050.

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