GEK Terna

GEK Terna Holding Real Estate Construction (Greek: ΓΕΚ ΤΕΡΝΑ) is a large Greek conglomerate which is listed on the Athens Exchange. Its construction branch Terna is one of the leading enterprises of its sector in Greece.

This article is about the Greek construction and energy company.. For the Italian company, see Terna Group.
GEK Terna Holdings Real Estate Constructions S.A.
Native name
ΓΕΚ ΤΕΡΝΑ
Anonymi Etairia
Traded asAthex: GEKTERNA
IndustryConstruction, Energy
Founded1969 (1969) (as GEK)
HeadquartersAthens, Greece
Area served
Greece
Key people
Giorgos Peristeris (Chairman)
ProductsConstruction
Concessions
Energy
Waste management
Mining
Real Estate
Revenue €1.923 billion[1] (2014)
€203.97 million[2] (2014)
€129.06 million[1] (2014)
Total assets €3.380 billion[3] (2014)
Total equity €864.01 million [3] (2014)
OwnersYork Global Finance Offshore BDH (Luxembourg) S.a.r.l. (17.35%)
Giorgos Peristeris (14.1%)
Nikolaos Kampas (10%)
Number of employees
5.000 [3] (2014)
SubsidiariesTerna Energy S.A. (45.9%)[4]
Heron S.A. (50%)
Websitewww.gekterna.com

GEK Terna's electric utilities branch Terna Energy lately focussed on the production and transmission of renewable energy. Through its subsidiary Heron S.A., it is as well involved in the construction and operation of thermoelectric power generation fuelled with natural gas. Terna Energy is listed separately on the Athens Exchange (Athex: TENERGY ).[5] [6]

Company

The company was formed when former competitors GEK and TERNA merged in 1999. Until 2008, GEK was the name of the holding with TERNA being its operational branch. The Athens-based company has been listed at the Athens Exchange since 1969[7] and belongs to the 25 companies forming the FTSE/Athex Large Cap index. In 2013, U.S. investment firm York Capital Magagement bought a 10% share of the company.[8]

Rail privatization bid

Following the Greek government-debt crisis, GEK Terna showed interest in the planned privatization of Greek state-owned railway carrier TrainOSE. Together with the state-owned railway companies of Russia and France, RZD and SNCF, and Romanian private railway carrier Grup Feroviar Roman, it placed a joint bid for TrainOSE and the Hellenic Company for Rolling Stock Maintenance (Rosco), currently held by the Hellenic Republic Asset Development Fund. Following the January 2015 legislative election, the new SYRIZA-led administration however put the decision under review.[9]

gollark: Idea; outdo them all by including 100 audio tracks, 99 of which are just rickrolls.
gollark: Who would make such an accursed file? In any case I think it lets you select operations to do on specific streams.
gollark: Oh, and Go's "simple"ness is mostly just simple-looking but inconsistent and arbitrary half the time.
gollark: There's the whole incredibly stupid monotonic time thing.
gollark: Poor type-and-otherwise safety in many OS interactions, moronically stupid hacks over sane code...

See also

References
  1. GEK Terna 2014, p. 35.
  2. GEK Terna 2014, p. 72.
  3. GEK Terna 2014, p. 33.
  4. http://www.gekterna.com/userfiles/25cf6784-d046-4d9e-ac0f-a34d00d4050d/GEKTERNA_Presentation_07-09-2015_EN.pdf
  5. Terna Energy website
  6. Profile of Terna Energy on the Athens Exchange
  7. "Company profile: GEK TERNA". Athens Exchange. Retrieved 22 February 2015.
  8. "US fund to invest 100 mln euros in Greece's GEK Terna". Reuters. 4 November 2013. Retrieved 22 February 2015.
  9. Barrow, Keith (30 January 2015). "Greece to review rail privatisation". International Railway Journal.

Sources
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.