Announced
Financials
Sources
Tags
grid operators
Conventional Electricity
Private
Cross Border
Friendly
Pending
power grids
Acquisition
Single Bidder
Private Equity
Minority
Greece
Synopsis
Macquarie, a multinational independent investment bank, agreed to acquire a 49% stake in HEDNO, a power grid operator, from Public Power, a power utility company, for $2.44bn. "The transition to net zero emissions is reshaping how electricity is produced, transported, and used across the Greek economy. Significant investment in electricity distribution infrastructure is needed to facilitate this rapid change," Martin Bradley, Macquarie Senior Managing Director.
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