Greek energy company Gek Terna said it has agreed to sell a majority stake in the company to Masdar, a renewables developer based in Abu Dhabi, which will acquire 67 percent of the shares at 20 euros ($21.42) each.
Masdar said it was an equity valuation of 2.4 billion euros ($2.57 billion) and enterprise value of 3.2 billion euros ($3.43 billion,) making it one of the biggest energy transactions in the Athens Stock Exchange’s history and one of the largest in Europe’s clean energy sector, said PV Magazine.
Source: The National Herald
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