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Terna Secures €1 Billion Financing for Adriatic Link

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Terna Secures €1 Billion Financing for Adriatic Link

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The latest update is out from Terna S.p.A. ( (IT:TRN) ).

Terna S.p.A. has announced the conclusion of agreements for financing related to the Adriatic Link project, secured by SACE S.p.A. guarantees amounting to approximately €1 billion. These transactions, deemed of greater importance due to their cumulative value, were reviewed by Terna’s Advisory Board and Related-Party Transactions Committee and are considered ordinary and conducted at market conditions.

The most recent analyst rating on (IT:TRN) stock is a Hold with a EUR9.25 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.

More about Terna S.p.A.

Average Trading Volume: 3,941,690

Technical Sentiment Signal: Strong Buy

Current Market Cap: €17.01B

Learn more about TRN stock on TipRanks’ Stock Analysis page.

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