US investment firm York Capital Manangement invested EUR100 million in Greece's GEK Terna, according to a joint statement by the two companies. The US fund manages USD18 billion of funds.

As Greece recovers from a recession period spanning six years, it draws in the fourth overseas investment funds for the year 2013, according to a report by Reuters. York Capital, one of the world's leading global investment management firms, will acquire 10% of the stakes in the construction firm. This would be done by subscribing to the Greek company's planned capital share increase. The terms of the investment deal would also see York Capital obtaining a 3% ownership stake in  GEK Terna's energy unit Terna Energy.

In addition to the capital share increase, York Capital would also subscribe to GEK Terna's five-year bond issue at EUR2.50 per share. 

The EUR100 million investment would subsequently contribute to the growth of GEK Terna. GEK Terna had earlier stated its interest in purchasing Greece's railways in a possible partnership with Russia's train systems giant RZD.