Abu Dhabi Future Energy Company (Masdar) has declared a definitive agreement with GEK Terna SA and other stakeholders of Terna Energy SA, aiming to initially procure 67% of the company’s shares upon transaction closure, pending 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 major one in the European renewables sector. This agreement is anticipated to inject substantial capital into Greece and other European nations, 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 ambitious regional expansion and its position as a reliable global partner in the energy transition. Dr. Sultan bin Ahmed Al Jaber, Masdar’s chairman, highlighted this as a pivotal step towards Masdar’s goal of reaching 100GW of clean energy by 2030, significantly enhancing Greece’s renewable capacity. Mohamed Jameel Al Ramahi, Masdar’s CEO, emphasized the infusion of capital and expertise to expedite Terna Energy’s growth, aligning with Greece’s renewable goals and expanding Masdar’s global footprint. Georgios Peristeris, GEK Terna and Terna Energy’s chairman, noted the agreement as a testament to Terna Energy’s value and the start of a new growth phase for GEK Terna Group, signaling strong confidence in Greece’s prospects. Masdar has engaged Rothschild & Co. as the sole financial advisor, and legal counsel includes Simmons & Simmons, Bernitsas Law, and Latham & Watkins. GEK Terna Group was advised by Reed Smith LLP and Potamitis Vekris, with Morgan Stanley as Terna Energy’s sole financial advisor.