The transaction, which represents the largest ever energy deal on the Athens Stock Exchange and one of the largest in the EU renewables industry, saw Masdar acquire just over 70% of Terna Energy from GEK Terna and other shareholders through bilateral contracts, at a price of €20 per share.

Reed Smith’s cross-border team, led by partners Panos Katsambas and Delphine Currie, counsel Matt Bowen, associate Heather Stewart, and trainee Emily Greene, advised GEK Terna on all aspects of the transaction.

This award underscores Reed Smith’s role in advising on transformative renewable energy transactions and the firm’s ongoing contribution to environmental, social, and governance (ESG) excellence across the infrastructure and energy sectors.

The IJGlobal Investor Awards celebrate innovation, excellence, and leadership in infrastructure and energy finance worldwide, recognising standout deals and teams shaping the future of sustainable investment.