Masdar now holds 100 percent ownership of Greece-based Terna Energy, following the completion of a mandatory tender offer and squeeze-out process. The remaining 30 percent of shares were acquired in an all-cash transaction at €20 per share.
Masdar initially acquired a 70 percent stake in Terna Energy from GEK Terna and other shareholders in November 2024, assigning the company an enterprise value of €3.2 billion. With full ownership now secured, Masdar plans to begin the process of delisting Terna Energy from the Athens Stock Exchange, pending approval from the Hellenic Capital Market Commission.
