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BN 11/04 07:06 *GEK TERNA COMMENTS IN ATHENS BOURSE FILING BN 11/04 07:06 *YORK CAPITAL TO INVEST EU100M IN GEK TERNA
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York Capital to Invest EU100m in Gek Terna, Take 10% Stake 2013-11-04 07:27:06.423 GMT
By Paul Tugwell Nov. 4 (Bloomberg) -- York Capital Management to also subscribe to 5-yr bond loan that must be converted into new Gek Terna shrs, according to Athens-bourse filing today from Gek Terna. Filing also says: * Subscription price set at EU2.5 per Gek Terna shr * York Capital to acquire 10% stake in Gek Terna after shr capital increase * York Capital to also acquire 3% stake in Terna Energy currently held by Gek Terna * Investment reflects “vote of confidence in recovery of Greek economy” * NOTE: Terna-Led Group Gets 827.4 Million-Riyal Saudi Rail Contract {NSN MUAPOM6TTDSS <go>}
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To contact the editor responsible for this story: Paul Tugwell at +30-210-74-19-073 or ptugwell1@bloomberg.net