ECONOMY

York Global increases stake in Terna Energy by 4.70 percent

York Global Finance Offshore BDH (Luxembourg) S.a.r.I. announced the acquisition of another 5,133,174 shares in blue chip Terna Energy on Thursday in a non-bourse transaction amounting to a 4.70 percent stake in the Athens-listed company.

The share purchase has seen York Global’s stake in the Greek energy firm climb to 7.70 percent,corresponding to 8,412,606 shares.

As a result of that news the share price of Terna Energy soared 9.6 percent in the stock market on Friday.