United Arab Emirates renewable energy company Masdar on Thursday unveiled plans to acquire two-thirds of Greek clean energy platform Terna Energy SA. The transaction, valued at €3.2 billion ($3.4 billion), marks the largest-ever energy deal on the Athens Stock Exchange and is one of the most significant in the European renewables market.
Masdar to Buy Terna Energy: Key Players and Legal Counsel
Masdar, also known as Abu Dhabi Future Energy Company, will purchase 67% of Terna Energy’s shares from its parent company GEK Terna SA and other shareholders. The deal will be followed by an all-cash mandatory tender offer to buy the remaining shares, with the goal of acquiring 100% of Terna Energy. Masdar was advised by Simmons & Simmons LLP, Bernitsas Law, and Latham & Watkins LLP, while Terna was advised by Reed Smith LLP and Potamitis Vekris.
Strategic Significance
“We are injecting capital and global expertise to accelerate Terna Energy’s expansion, supporting Greece’s renewable energy ambitions and extending Masdar’s global reach,” said Masdar CEO Mohamed Jameel Al Ramahi. “As a leading European development platform, Terna Energy is expected to play an important role in Masdar’s growing portfolio in Greece and Europe.”
