Friday, December 9 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    First Sentier looking to buy into Greece's Terna Energy - report

    October 4, 2022 - SeeNews Renewables


      October 4 (Renewables Now) - Australian investment group First Sentier is willing to acquire a majority stake in Greek renewable power producer Terna Energy (ATH:TENERGY), local daily Kathimerini reports.

      According to the report, the parties have been holding talks over a potential deal for the past three or four months. The negotiations are expected to be finalised by November.

      Analysts have estimated that First Sentier is likely to offer more than EUR 22 (USD 21.6) for each of its target’s shares. If confirmed, the price could value Terna Energy at over EUR 2.5 billion.

      Australia’s Macquarie Group was allegedly also eager to become a shareholder in the Greek company, while the offered price was not acceptable so as to start negotiations.

      Terna Energy is 37% owned by Greek conglomerate GEK Terna. The renewable energy company had 895 MW of installed wind, solar, hydropower and battery storage capacity, as well as 1,234 MW of projects under construction at the end of June 2022. According to its latest financial report, its first-half adjusted net profit gained 54.5% in annual term to EUR 44.5 million, driven by a 98.2% boost in revenues.

      (EUR 1.0 = USD 0.982)


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.