of Eleni Botas
A message of strong confidence in the prospects of the group was yesterday the acquisition of the package of shares of GEK TERNA by domestic and foreign institutional and private investors.
As market executives note G. Peristeris with the disposal of the significant number of shares in a period of intense volatility with the markets fluctuating due to the Russian-Ukrainian tension, high inflation and the rise of government bond yields worldwide, achieving with this way to reduce his percentage as he had committed himself, confirms the strong track record.
This has been proven by the successful bond issues, the fact that it maintains open and favorable lines of financing but also the fact that it develops important international collaborations, parameters that allow it to participate in many large projects at the same time.
One of the buyers of yesterday’s packages of GEK TERNA was the Family office of Marianna Latsi, further increasing its percentage. It is recalled that Latsco Hellenic Holdings already owns 7.5985% in the company, which it had acquired at a price of 11.2 euros.
Today, the group’s investment and project program amounts to 6.5 euros and extends from infrastructure and concession projects, to the production and storage of clean energy, the circular economy, the environment and the fight against climate change.
Regarding the backlog of GEK TERNA in contracted projects and contracts to be signed, it is now at the level of 4.5 billion euros.
These include the Integrated Resort Casino (IRC) project in Elliniko (the relevant procedures for the signing of the project are already underway), the granting of the right to use and exploit the Egnatia Odos highway and the three vertical roads for a period of 35 years. , the E6 highway, the project of design, construction and management of the new international airport of Heraklion, as well as a number of important projects in Greece and abroad.
At the same time, the GEK TERNA Group is expected, according to information, to participate in the claim of the concession of Attiki Odos for 25 years starting from 2024, with the expression of interest being set by the HRDH for April 20, 2022.
At the same time, GEK TERNA expands investments in RES and the environment through TERNA Energy.
These investments include the development of new onshore wind farms in various parts of the country, green energy storage systems with pumped storage, onshore and floating photovoltaic parks and waste management units, in Epirus which is already operating and recently moved to the Peloponnese where .
At the same time, the Group has more than 1,800 MW in operation, under construction or ready for construction and now targeting 3,000 MW within the next five years.
GEK TERNA Group is one of the most extroverted Greek Clubs, with activity in 16 countries in Europe, the United States and the Middle East and a total of 6,000 employees.
Source: Capital
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