Gek Terna president and CEO Giorgos Peristeris referred to an expansion of the ATHEX-listed multinational’s portfolio on Wednesday, following the announcement last week of a deal with Abu Dhabi-based Masdar for the sale of the former’s renewables subsidiary, Terna Energy.
In referring to the three billion euros that will flow back into Gek Terna’s coffers, Peristeris, addressing a general shareholders’ meeting, revised the target for EBITDA, raising it to 700 million euros by 2028.
Regarding the opening to new markets, he added:
“We are preparing for new projects both in Greece and abroad. At the same time, we aim to expand our portfolio beyond transport and energy infrastructures, especially in the areas of waste management, water resources management and technological infrastructures”.
“After the deal with Masdar, a loan burden of 1.1 billion has been removed from Gek Terna’s balance sheet,” he said.
