TERNA ENERGY SA UNSP/ADR - TREAY STOCK NEWS

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TERNA ENERGY SA UNSP/ADR (TREAY) is a leading European clean energy platform specializing in financing, developing, constructing, and operating renewable energy facilities. With a track record of over 25 years, TERNA ENERGY focuses on wind, solar, hydroelectric, and pumped storage projects. Recently, the company announced plans to expand its operational capacity to 6GW by 2030, making it the largest investor in the renewable energy sector in Greece. The acquisition by Masdar, a global clean energy pioneer, is set to accelerate TERNA ENERGY's growth and contribute significantly to Greece's renewable energy ambitions.

06/20/2024 03:46 AM

News

Masdar and GEK TERNA Strike Landmark €3.2bn¹ Deal: UAE Renewables Champion to Acquire Greece's TERNA ENERGY

Rhea-AI Summary

Masdar has signed a landmark €3.2bn deal to acquire 67% of TERNA ENERGY, a leading European renewable energy company listed on the Athens Stock Exchange, at €20.00 per share. The transaction, the largest ever in the energy sector on the Athens Stock Exchange and one of the biggest in the EU renewables industry, values TERNA ENERGY's equity at €2.4bn. The deal is aimed at boosting Greece's renewable energy sector, contributing to the EU's net zero by 2050 goals, and expanding Masdar's portfolio to 100GW by 2030. Following the transaction, Masdar will make a mandatory tender offer for the remaining shares to gain full ownership.

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FAQ

What is the market cap of TERNA ENERGY SA UNSP/ADR (TREAY)?

The market cap of TERNA ENERGY SA UNSP/ADR (TREAY) is approximately 2.5B.

What does TERNA ENERGY SA UNSP/ADR specialize in?

TERNA ENERGY focuses on financing, developing, constructing, and operating renewable energy facilities, with a strong emphasis on wind, solar, hydroelectric, and pumped storage projects.

What are TERNA ENERGY's recent achievements?

TERNA ENERGY recently announced plans to expand its operational capacity to 6GW by 2030, making it the largest investor in the renewable energy sector in Greece.

Who is Masdar and how are they connected to TERNA ENERGY?

Masdar is a global clean energy pioneer that recently acquired a majority stake in TERNA ENERGY, aiming to accelerate the company's growth and contribute to Greece's renewable energy ambitions.

What is the significance of the acquisition by Masdar for TERNA ENERGY?

The acquisition by Masdar is expected to provide significant capital investment for TERNA ENERGY, supporting its growth plans and contributing to Greece's National Energy and Climate Plan.

Who will continue in their roles at TERNA ENERGY following the acquisition by Masdar?

TERNA ENERGY's Executive Chairman, Georgios Peristeris, and Chief Executive Officer, Emmanuel Maragoudakis, will continue in their current roles to support Masdar in leading the company's next phase of growth.

What is TERNA ENERGY's renewable energy target by 2030?

TERNA ENERGY aims to approach a total installed capacity of 6GW by 2030, with a focus on expanding its operational capacity in wind, solar, hydroelectric, and pumped storage projects.

What role does TERNA ENERGY play in Greece's renewable energy sector?

TERNA ENERGY is the largest investor in the renewable energy sector in Greece, with a strong portfolio of projects contributing to the country's energy transition and clean energy goals.

What are the key areas of focus for TERNA ENERGY's growth plan?

TERNA ENERGY's growth plan focuses on expanding its renewable energy operational capacity, with a strong emphasis on wind, solar, hydroelectric, and pumped storage projects in Greece and Europe.

How is the acquisition by Masdar aligned with TERNA ENERGY's goals?

The acquisition by Masdar demonstrates confidence in TERNA ENERGY's growth potential, the strength of the Greek market, and the company's contribution to Greece's energy transition and environmental goals.

What is expected to be the impact of the acquisition by Masdar on TERNA ENERGY's future?

The acquisition by Masdar is expected to supercharge TERNA ENERGY's ambitious growth plans, accelerate its expansion in Greece and Europe, and support the country's renewable energy ambitions.