METLEN has acquired a 24% stake in the Concessionaire DIKTAION PARACHORISEIS S.A. to actively participate in the Northern Road Axis of Crete project, a vital infrastructure initiative in Greece.
Information on the Target
This deal involves METLEN's participation in the Concessionaire DIKTAION PARACHORISEIS Single-Member S.A., which was previously entirely owned by GEK TERNA S.A. The company is undertaking the significant infrastructure project known as the Northern Road Axis of Crete (ΒΟΑΚ), specifically the Chania – Heraklion Section. By acquiring a 24% equity stake in DIKTAION PARACHORISEIS S.A., METLEN aims to play an active role in this large-scale initiative.
Additionally, METLEN will hold a 24% stake in DIKTAION OPERATION S.A., which is tasked with the operation and maintenance of the project. Its subsidiary, METKA ATE, will take a 30% stake in a new Construction Joint Venture alongside TERNA and AKTOR ATE, effectively taking over from the original contractor as the Design–Construction Main Subcontractor.
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Industry Overview in Greece
The infrastructure sector in Greece has witnessed a significant transformation over the past few years, with the government prioritizing development projects aimed at enhancing connectivity and safety. This commitment is particularly vital for the country, given its diverse
Similar Deals
METLEN
invested in
DIKTAION PARACHORISEIS Single-Member S.A.
in 2026
in a Joint Venture deal
Disclosed details
Transaction Size: $2,157M
Enterprise Value: $2,157M