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Friday, June 21, 2024

Masdar to pick up 67% stake in Greece’s Terna Energy

Masdar has signed a definitive agreement with Greek conglomerate GEK Terna and other shareholders to buy the 67 per cent stake in Terna Energy at EUR20 ($21.45) per share. The acquisition price gives the Greek renewables company an equity valuation of EUR2.4bn and an enterprise value of EUR3.2bn, the two companies said.


READ THE ORIGINAL POST AT gulfbusiness.com