The Greek Deal.com
GEK TERNA
The deal with Masdar for the sale of over 50% of Terna Energy to be announced soon
It is anticipated that GEK Terna and the United Arab Emirates Masdar Fund will soon announce their agreement for over 50% of Terna Energy's shares.
Strategic partnership with Microsoft for digital transition and innovation
In order to achieve the Group's goals for sustainable innovation and growth, as well as to expedite the digital transition, GEK Terna and Microsoft have signed a Memorandum of Understanding (MoU).
51.3% jump in adjusted earnings
During the first quarter of 2024, the net profit of GEK Terna Group shareholders adjusted for non-operating results increased by 51.3% to € 34.8 million.
Dimand and GEK Terna started construction works for new building
The construction works of the new green building of the Technical Chamber of Greece (ΤCG) have started by GEK Terna and Dimand.
€60 million revenue from lease/sale of gas turbine units to PPC
GEK Terna Group will record cumulative revenues of €60 million from the lease to PPC and subsequent sale of three gas turbine units.
Inaugurating two motorway sections in Central Greece
Today, GEK Terna is opening 42.5 km of the Central Greece motorway to traffic.
Denies acquisition of Gek Terna stake by Intracom Properties
Kekrops denies the acquisition of the stake of Gek Terna by Intracom Properties, in response to a newspaper article published today.
Fourth Interest Period of the Corporate Bond Loan 2021
In accordance with the terms of the Common Bond Loan as decided by “GEK TERNA” on December 14, 2021the record date for the beneficiaries of interest for the 4th Interest Period from 14.06.2023 until 14.12.2023 is set to be Wednesday December 13, 2023.
Net profits at € 88.8 million in 9M
At 3Q 2023 level, total revenues stood at € 925.0 million and adjusted EBITDA1 at € 146.1 million against € 1,300.4 million and € 186.7 million respectively in the previous year period
Signing of the Sub-Concession Agreement for “Philippos II” Port for 40 years
The main activity of “Philippos II” port, is the handling of general cargo and bulk dry cargo.
Invests in the first thermal power plant in Albania
DEPA Commercial will participate with a 35% stake in FIER Thermoelectric SA’s equity capital.