GEKGendarmerie Einsatz Kommando (Austrian counter-terrorism group)
GEKGeomagnetic Electro-Kinetograph
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| BRUSSELS, Feb 13 (KUNA) -- The European Commission Thursday announced that it found the acquisition of joint control over Heron II Thermoelectric Station in Viotia, Greece by Qatar Petroleum International Limited (QPI), GEK TERNA of Greece and GDF SUEZ of France to be in line with the EU Merger Regulation.
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.
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.
Based in Singapore, Ching will lead the Southeast Asia equity research unit covering the ASEAN marrkets, and will report to Gek.
Founded in 1972, TERNA has always been focused on major and complex infrastructure projects, a role which has continued following its merger with GEK S.A.
M&M is a joint venture between Greek companies Motor Oil Hellas Corinth Refineries SA and Mytilineos Holdings SA (ATH:MYTIL).Country: GreeceSector: UtilitiesTarget: DESFA SABuyer: SOCAR, Sintez Group JSC, GEK Terna Holding Real Estate Construction SA, PPF SAType: PrivatisationStatus: Bidding, Terminated
The overall backlog of parent company GEK TERNA Group's projects amounts to $2.65bn, the statement added.
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.
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.