GEK TERNA and Motor Oil to merge electricity and gas activities into new utility

GEK TERNA and Motor Oil have signed a binding agreement to merge their electricity and natural gas supply and generation activities into a new entity (UtilityCo), with equal participation. The transaction is expected to be completed by early 2026.

“GEK TERNA and Motor Oil announce the signing of a binding agreement for the merger of their activities in the supply of electricity and natural gas and the generation of electricity from natural gas-fired units.”gekterna.com

• 1 source
• gekterna.comStrategic partnership between GEK TERNA and Motor Oil - New Utility Company with leading position in Greece and Southeast Europe - GEK TERNAJul 10, 2025

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