Masdar completes full acquisition of Greece’s Terna Energy

United Arab Emirates' renewable energy company Masdar said on Thursday it had fully acquired Greece's Terna Energy, after buying a majority stake last year, a further step in its international expansion strategy.

Masdar, seeking to capitalise on opportunities in a sector hit by high interest rates and rising debt costs, has been growing its presence in European markets in recent months.

It acquired 70% of Terna in November at 20 euros a share, which it had said gave Terna an enterprise value of 3.2 billion euros ($3.52 billion) and an equity valuation of 2.4 billion euros.

Read the original article in Reuters: UAE renewable energy firm Masdar completes purchase of Greece's Terna Energy