GEK TERNA–Motor Oil merger nears completion; new energy hub to lock in September

The merger of Greek electricity companies GEK TERNA and Motor Oil, forming the HERON–NRG energy hub, is in its final stretch, with the exact timeline for completion expected to be finalized within September. The deal consolidates their electricity and gas operations, creating a larger integrated energy player in Greece. The completion timing remains uncertain, but the merger is expected to strengthen the combined entity's market position.