Abu Dhabi Future Energy Company (Masdar) has declared a definitive pact with GEK Terna SA and other stakeholders of Terna Energy SA, aiming to procure 67% of the firm's shares initially, contingent upon regulatory consent and other stipulations. Post-transaction, Masdar plans to initiate a mandatory all-cash tender offer for the remaining shares, targeting full ownership. Valuing Terna Energy's equity at €2.4 billion and enterprise at €3.2 billion, this marks the most significant energy deal on the Athens Stock Exchange and a prominent one in the European renewables sector. This agreement is anticipated to inject substantial capital into Greece and other European regions, bolstering Terna Energy's role in Greece's National Energy and Climate Plan and the EU's 2050 net-zero goal. The acquisition underscores Masdar's strategic expansion and its commitment as a global energy transition ally. Dr Sultan bin Ahmed Al Jaber, highlighting the deal's impact on Masdar's 2030 clean energy target, emphasized the UAE's dedication to European clean energy. Mohamed Jameel Al Ramahi, CEO of Masdar, noted the infusion of capital and expertise to expedite Terna Energy's growth, aligning with Greece's renewable goals. Georgios Peristeris, of GEK Terna and Terna Energy, celebrated the agreement as a new chapter for both entities, reinforcing Greece's energy prospects. Masdar has enlisted Rothschild & Co. as financial advisor and various legal firms for the transaction, while GEK Terna Group and Terna Energy have their respective advisory teams.