After completion of the transaction, Masdar will launch an all-cash mandatory tender offer to acquire all the remaining outstanding shares of the company with the intention of reaching 100%. The transaction and subsequent offer values TERNA ENERGY’s total equity at 2.4bn euros6 with an enterprise value of 3.2bn euros, making it the largest ever energy transaction on the Athens Stock Exchange, and one of the largest in the European renewables market.
The deal is expected to provide significant capital investment in Greece and other European countries, supporting TERNA ENERGY’s contribution to Greece’s National Energy and Climate Plan (NECP) and the EU’s net zero by 2050 target.
The proposed acquisition demonstrates the scale and ambition of
Masdar’s growth plans in the region, and further solidifies Masdar’s role as a trusted global energy
transition partner to governments, investors, developers and communities across the globe.
