Terna Energy – Greece To Be fully Acquired by Masdar
Abu Dhabi Future Energy Company “Masdar” announced today the signing of an agreement with “GIC Terna S.A.”.
And also with other shareholders in “Terna Energy S.A.” for the preliminary acquisition of a 67% stake in “Terna Energy.”
The deal is subject to regulatory approvals and fulfillment of conditions.
Upon completion of the transaction, “Masdar” will present a mandatory full cash offer to acquire all remaining shares in “Terna Energy”.
As it aims at completing the full acquisition of the company.
The Largest Renewable Energy Deal on the Athens Stock Exchange
The transaction’s value and subsequent cash offer for the remaining shares to acquire “Terna Energy” amount to AED 9.47 billion (EUR 2.4 billion).
While the total value of the company stands at AED 12.62 billion (EUR 3.2 billion).
This marks the largest-ever deal in the renewable energy sector on the Athens Stock Exchange.
It is also one of the largest in the European renewable energy market.
The deal represents a significant investment that supports Greece and other European countries.
It is also reinforcing “Terna Energy’s” contribution to Greece’s national energy and climate plan and the European Union’s climate neutrality goal by 2050.
Trusted Global Partner
This transaction underscores “Masdar’s” plans and ambitions for expansion in Europe.
It reaffirms its commitment to supporting the global energy transition.
It also solidifies it’s position as a trusted global partner for governments, investors, developers, and local communities worldwide.
The investment represents another step toward achieving one of the historic “UAE Agreement’s” goals.
It highlights the importance of growth opportunities associated with a responsible, organized, logical, and equitable energy transition.
In addition, it is fostering new sectors, creating jobs, and achieving low-carbon economic growth.
About Terma Energy
“Terna Energy” was founded in 1997 as a leading European platform for clean energy.
The company has a rich track record spanning over 25 years in developing innovative and sustainable projects.
Specializing in financing, developing, constructing, and operating renewable energy plants.
“Terna Energy” focuses on wind, solar, hydroelectric, and energy storage projects.
The UAE is second in the world
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Recently, “Terna Energy” announced its development plan, aiming to increase its operational capacity in renewable energy projects to 6 gigawatts by 2030.
The company holds a significant project portfolio in Greece and Europe.
This made it the largest investor in Greece’s renewable energy sector.
Regarding deal requirements and financing, “Masdar” appointed “Rothschild & Co.” as its sole financial advisor.
While “Simmons & Simmons,” “Bernitsas Law,” and “Latham & Watkins” serve as legal advisors.
Meanwhile, “GIC Terna” appointed both “Reed Smith” and “Potamitis Vekris” as legal advisors, with “Morgan Stanley” serving as the sole financial advisor for “Terna Energy.”
