Masdar, an Emirati state-owned renewable energy company, agreed to acquire a 67% stake in Terna Energy, a Greek renewable energy company, from GEK Terna, a construction company, for $2.58bn. "We are injecting capital and global expertise to accelerate TERNA ENERGY's expansion, supporting Greece's renewable energy ambitions and extending Masdar's global reach. As a leading European development platform, TERNA ENERGY is expected to play an important role in Masdar's growing portfolio in Greece and Europe. We look forward to completing the transaction and starting to work with TERNA ENERGY's leadership team to supercharge their ambitious growth plans in support of Greece's energy transition," Mohamed Jameel Al Ramahi, Masdar CEO.