GEK TERNA Holdings, Real Estate, Construction S.A. completed the acquisition of remaining 75% stake in Heron S.A. from ENGIE SA and Qatar Petroleum.
November 04, 2021
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GEK TERNA Holdings, Real Estate, Construction S.A. (ATSE:GEKTERNA) agreed to acquire remaining 75% stake in Heron S.A. from ENGIE SA (ENXTPA:ENGI) and Qatar Petroleum on July 12, 2021. in 2020, HERON Group, had a turnover of approximately €537 million. The transaction is subject to the approval of the competent authorities, namely the Energy Regulatory Authority and the Hellenic Competition Commission. The financial data of the transaction will be finalized after receiving the above approvals and before its completion.
GEK TERNA Holdings, Real Estate, Construction S.A. (ATSE:GEKTERNA) completed the acquisition of remaining 75% stake in Heron S.A. from ENGIE SA (ENXTPA:ENGI) and Qatar Petroleum on November 5, 2021.
GEK TERNA Holdings, Real Estate, Construction S.A. is a holding company organized around 5 areas of activity:
- electricity production (73,1% of net sales): from renewable energies and from natural gas ;
- infrastructure construction (21.3%): power plants, highways, etc.;
- infrastructure management under concession agreements (5.1%): highways, parking lots, etc.;
- production of industrial facilities and construction materials (0.4%): pylons, struts, wood constructions, cements, etc. ;
- real estate development and property management (0.1%).
Net sales are distributed geographically as follows: Greece (93.2%), Balkans (5.3%), Eastern Europe (0.8%) and others (0.7%).
GEK TERNA HOLDINGS, REAL ESTATE, CONSTRUCTION S.A. 
