The Greek Deal.com
GEK TERNA
€50 million right off the bat
Giorgos Peristeris, a day after the start of operations of Attiki Odos, gave a 10% contract to Marianna Latsis' fund, at a 15% premium.  In other words, he is making a profit of close to €50 million right off the bat.
Acquires 10% of Attiki Odos
GEK TERNA has signed an agreement with Marianna Latsis Family Office for the acquisition of 10% of Attiki Odos.
Paid €3.27 billion for the new concession contract of Attiki Odos
The payment of the lump sum of €3.27 billion by GEK TERNA Group, which was selected as the Preferred Investor in the tender conducted by the TAIPED for the concession of Attiki Odos for 25 years, has been completed.
Plans for Attiki Odos IPO in the future
As of Sunday, 6 October, the keys of Attiki Odos are transferred to GEK Terna. Completely different from the previous contract—the 25-year concession—which includes, among other things, the possibility of listing the operator on the Athens Stock Exchange.
GEK Terna increased its infrastructure footprint by €1 billion
Mr. George Peristeris said that in the last 2-3 months GEK TERNA has strengthened its infrastructure footprint by €1 billion through tenders, in areas beyond the traditional transport infrastructure, where the group has become a leading player (Attiki Odos, Egnatia Odos, North Road Axis of Crete, etc.).
Adjusted net profit to shareholders € 65.7 million for the half-year
The net profit of GEK Terna Group shareholders increased by 20.1% in the first half of 2024, which amounted to € 65.7 million, of which € 54.9 million from continuing operations, the company announced.
Undertake irrigation PPPs in Larissa and Karditsa
GEK TERNA and Mytilineos take over the irrigation PPP in Larissa and Karditsa with a total budget of €131,2 million.
Signatures for the new concession contract of Attiki Odos to be signed on Thursday
On Thursday, the major meeting between the Hellenic Republic Asset Development Fund and GEK Terna is scheduled for the signing of the 25-year concession contract of the Attiki Odos. A contract that will bring to the State revenues of €3.27 billion.
One offer from TERNA Energy - TITAN for the PPP of Central Macedonia
One bid from the TERNA Energy-TTITAN consortium was submitted for the PPP project "Waste Treatment Plant (WTP) of the Western Sector of the Region of Central Macedonia.".
GEK Terna's profitability will reach €700 million in 2028
The agreement to sell GEK Terna's interest in TERNA Energy is the latest development in a year full of significant developments for the company, as stated by Chairman and CEO C. Peristeris at the Annual General Meeting of Shareholders.
Terna Energy is sold to Masdar
GEK Terna and other Terna Energy shareholders have reached an agreement for Masdar to initially purchase 67% of the company.