TERNA is mostly active in the construction, industry, real estate and energy sectors in Greece, noted an EU Commission statement.
As part of the deal, York Capital will fully subscribe to the issuance of a five-year bond, which is convertible partly into new GEK shares and partly exchangeable with existing Terna Energy stock owned by the group.
It will help GEK Terna to pursue its growth strategy and implement its investment plan, it said.
4 November 2013 - US investment manager York Capital Management has agreed to invest EUR100m (USD135m) in Greece-based diversified group GEK
Terna, the parties announced today.
Tailaksen uses the GEK
to introduce his engineering students to the concept of gasification and help them understand what's powering their school.
Founded in 1972, TERNA has always been focused on major and complex infrastructure projects, a role which has continued following its merger with GEK
Country: GreeceSector: UtilitiesTarget: DESFA SABuyer: SOCAR, Sintez Group JSC, GEK
Terna Holding Real Estate Construction SA, PPF SAType: PrivatisationStatus: Bidding, Terminated
A unit of Athens-based GEK
TERNA said on Friday it has won new projects in Qatar and Bahrain worth a total of 138m euros ($184m).
According to other sources, quoted by Reuters, Russian energy firm Sintez Group JSC, as well as a consortium comprising Greecea[euro](tm)s GEK
Terna Holding Real Estate Construction SA (ATH:GEKTERNA) and Czech fund PPF SA, had abandoned plans to make a binding bid for DESFA.
General Electric GEK
According to the insider, one of the groups is led by Suez and Greek construction company Ellaktor SA, anotherA consistsA of local building group GEK
TERNA, Isreal's Mekorot and entrepreneur George Apostolopoulos, while a third one is headed by businessman Ivan Savvidis.
90 million) airport on Crete to GEK
-TERNAGreek construction group GEK
TERNA and Indias GMR Infrastructure, the Greek/Indian joint venture, which was the sole bidder.