GEK TERNA secures over €650M, marking a new phase of growth

The company successfully completed a share capital increase through the issuance of new ordinary registered shares, with the pre-emptive rights of existing shareholders waived. The transaction was led by Banco Santander, Mediobanca, and Morgan Stanley Europe as Joint Global Coordinators and, together with AXIA Ventures Group, as Joint Bookrunners.

According to GEK TERNA’s management, the net proceeds from the offering will be used to enhance the Group’s financial flexibility and fund new investment opportunities beyond its existing business plan.

The exceptionally strong demand from international investors reflects not only confidence in the company’s future investment pipeline but also the quality of its diversified asset portfolio and the leadership of the Group’s Chairman and CEO, Georgios Peristeris.

Strong Backlog and Expanding Growth Pipeline

The newly raised capital will primarily support the further expansion of the Group’s infrastructure and concessions platform, with a particular focus on transportation, water infrastructure, energy, as well as new concession projects and Public-Private Partnerships (PPPs).

GEK TERNA has established a particularly strong position from which to pursue the next generation of major infrastructure projects following the acquisition of Greece’s two largest motorway concessions, Attiki Odos and Egnatia Odos. With a construction backlog approaching €9 billion, the Group has significantly enhanced the visibility of its future revenues while further strengthening its footprint across the infrastructure and concessions sectors.

The company is currently delivering several of Greece’s largest public infrastructure projects, including the Northern Road Axis of Crete (BOAK), the new Heraklion International Airport at Kasteli, and the final section of the E65 motorway. At the same time, GEK TERNA remains an active participant in tenders for new concession agreements and Public-Private Partnership (PPP) projects, bidding for developments such as the Drama–Amfipoli motorway, the Mavrovouni–Edessa road section, the relocation of Korydallos Prison, and the construction of the new Theagenio Cancer Hospital.

At the same time, the Group has identified water resource management as a key pillar of its long-term growth strategy, recognizing that addressing water scarcity will become one of the most significant investment challenges of the coming years. Against this backdrop, GEK TERNA is actively pursuing major water supply and water management projects. It has also recently strengthened its position in the sector by acquiring a 12.7% stake in EYDAP, Greece’s largest water utility. Management has described the investment as a long-term strategic move, fully aligned with the Group’s broader objective of expanding its presence in critical infrastructure sectors.