Brief: Masdar To Acquire GEK Terna's Stake In Terna Energy At Price Of 20 Euros Per Share

GEK TERNA

20/06/2024 07:42

June 20 (Reuters) - ABU DHABI FUTURE ENERGY COMPANY –
MASDAR: 
    * MASDAR AND GEK TERNA STRIKE LANDMARK EUR 3.2 BILLION DEAL
    * MASDAR - SIGNS DEFINITIVE AGREEMENT WITH GEK TERNA AND
OTHER
SHAREHOLDERS TO ACQUIRE INITIALLY 67% OF OUTSTANDING SHARES OF
TERNA ENERGY AT A PRICE OF 20 EUROS PER SHARE
    * MASDAR - SUBJECT TO CLOSING OF TRANSACTION, MASDAR WILL
LAUNCH
AN ALL-CASH MANDATORY TENDER OFFER TO ACQUIRE ALL REMAINING
OUTSTANDING SHARES OF CO WITH INTENTION OF REACHING 100%
    * MASDAR - TRANSACTION AND SUBSEQUENT OFFER VALUES TERNA
ENERGY’S
TOTAL EQUITY AT 2.4BN EUROS WITH AN ENTERPRISE VALUE OF 3.2BN
EUROS
    * MASDAR - DEAL IS EXPECTED TO PROVIDE SIGNIFICANT CAPITAL
INVESTMENT IN GREECE AND OTHER EUROPEAN COUNTRIES

Source text for Eikon:  ID: 
Further company coverage: [ ]

 ((Reuters.Briefs@thomsonreuters.com;))