A public offer for the remaining 30% of TERNA Energy by Masdar is 'on deck'. Meanwhile, with its enhanced financial position, GEK TERNA will focus on infrastructure, concessions, waste management, hydropower projects, and even opportunities in Southeast Europe
The EC's approval follows Masdar's acquisition of a 67% stake in Terna Energy earlier this year and was a necessary step before Masdar can proceed with taking full ownership of the company.
The 3.2bln-euro deal by Masdar is the largest energy transaction on the Athens Stock Exchange and one of the biggest in the European renewables sector