GEK Terna to acquire Attiki Odos for $3.6bn.

GEK Terna, a conglomerate operating in infrastructure, energy, concessions, waste management and real estate, agreed to acquire Attiki Odos, a modern motorway that extends along 70 km, for $3.6bn. “For GEK Terna, this is a project that complements the Group’s motorway network in Greece, offering significant benefits in terms of revenues, EBITDA, and dividend returns, with a profile of significantly lower risk. The project's performance is expected to fall within the yield range that GEK Terna traditionally targets and achieves in similar projects, adding further value to the company and significant benefits to its shareholders,” Emmanouil Moustakas, GEK Terna General Manager of Development.