Today's Edition
ABU DHABI (ALETIHAD)
Abu Dhabi Future Energy Company (Masdar) announced on Thursday that it completed the acquisition of Greece’s TERNA ENERGY, following the successful completion of an all-cash mandatory tender offer for the remaining 30% shares of the company at a price of €20 per share.
With this transaction, Masdar now holds 100% ownership of TERNA ENERGY SA, a significant move in expanding its European presence. The UAE-based clean energy leader had previously acquired 70% of TERNA ENERGY in November 2024, valuing the company at €3.2 billion — the largest energy deal on the Athens Stock Exchange and one of the biggest in the EU renewables sector.
TERNA ENERGY, a key player in Southeastern and Central Europe’s renewable energy space for over 25 years, brings to Masdar a highly diversified portfolio that includes wind, solar, biomass, and hydro projects. The company operates 1,224MW of installed capacity, including 102MW in Poland and 30MW in Bulgaria, and is currently developing an additional 197MW of photovoltaic projects. Its flagship development includes the 680MW Amfilochia pumped hydro project, one of the largest in Europe.
Masdar will now initiate the delisting process for TERNA ENERGY shares from the Athens Stock Exchange.
Executive Chairman Georgios Peristeris and the senior leadership team will continue to lead TERNA ENERGY through its next phase of growth under Masdar’s ownership, a statement said.
