After acquiring all of the company’s shares last month, Abu Dhabi Future Energy Company (Masdar), the pioneer in renewable energy in the United Arab Emirates, stated on Friday that its subsidiary Terna Energy has successfully delisted from the Athens shares Exchange.
Together with Chief Executive Officer Mohamed Jameel Al Ramahi, a delegation headed by Dr. Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of Masdar, visited Terna Energy’s Athens headquarters and spoke with staff members from several departments.
The first strategic talks they have had after the acquisition with Terna Energy Executive Chairman Georgios Peristeris focused on Masdar’s plan to build the company and quicken the growth of renewable energy in Southeastern and Central Europe. “By integrating Terna Energy into the Masdar family, we have strengthened our position in Greece and the wider region, allowing us to accelerate the growth of renewable energy solutions and unlock the investment needed to empower nations to achieve their clean energy targets,” stated Dr. Sultan Bin Ahmed Al Jaber, Chairman of Masdar and Minister of Industry and Advanced Technology. Additionally, this acquisition shows Masdar and the UAE’s dedication to providing everyone with accessible, safe, and sustainable energy.
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