Masdar and GEK TERNA Strike Landmark €3.2 Billion Deal

Masdar and GEK TERNA Strike Landmark €3.2 Billion Deal

Abu Dhabi Future Energy Company PJSC – Masdar announced that it has reached a definitive agreement with GEK TERNA SA and other shareholders of TERNA ENERGY SA with the intention to initially acquire 67% of the company’s outstanding shares at completion of the transaction, subject to regulatory approvals and other conditions. 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%.