Abu Dhabi Future Energy Co. PJSC Replacement: Terna Energy SA Acquisition

RNS Number : 2031T

Abu Dhabi Future Energy Co. PJSC

20 June 2024

 

Masdar to Acquire Majority Shares in TERNA ENERGY SA in Greece

ABU DHABI, UAE & ATHENS, Greece - June 19, 2024 - Abu Dhabi Future Energy Company PJSC - Masdar ("Masdar"), the UAE's clean energy leader, announced today that it has reached a definitive agreement with GEK TERNA SA (GEKTERNA.AT) and other shareholders to acquire a controlling stake in TERNA ENERGY SA (TENERGY.AT), subject to regulatory approvals and other conditions precedent.

 

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