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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.
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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