Masdar Acquires Full Control of Greece's Terna Energy

• Masdar solidifies its European foothold by fully acquiring Terna Energy SA, boosting its renewable energy influence and portfolio in Greece.

Masdar, a UAE-based renewable energy developer, has taken full ownership of Greek renewables company Terna Energy SA by acquiring the remaining 30% stake. This acquisition was completed through an all-cash mandatory tender offer and a subsequent squeeze-out process.

The move strengthens Masdar's position in the European renewable energy market, expanding its portfolio and influence in the region. Terna Energy SA, listed on the Athens Stock Exchange under the ticker ATH:TENERGY, is a significant player in Greece's renewable sector, and this acquisition aligns with Masdar's strategic growth objectives in sustainable energy.

How does Masdar's acquisition of Terna Energy impact its European market presence?

• Enhances Masdar's renewable energy portfolio in Europe, particularly in wind and solar sectors.
• Provides Masdar with access to Terna Energy's existing projects and pipeline, boosting its capacity in the region.
• Strengthens Masdar's market presence in Greece, a key market for renewable energy in Europe.
• Facilitates potential collaborations and partnerships with other European renewable energy companies.
• Positions Masdar to leverage Terna Energy's local expertise and regulatory knowledge.
• Supports Masdar's long-term strategy to increase its global renewable energy footprint.
• Increases Masdar's influence in European energy policy discussions and initiatives.
• Offers opportunities for technological exchange and innovation between Masdar and European entities.