23 March 2018
Elia has decided to acquire an additional 20% stake in German transmission system operator 50Hertz
Elia has decided to exercise its pre-emption right and to increase its share in Eurogrid, the holding company above 50Hertz, from 60% to 80%.
- The transaction will allow further strengthening collaboration and a stronger partnership between Elia and 50Hertz forming the Elia Group as a leading group of transmission system operators (TSOs) in Europe.
- The transaction price amounts to € 976.5 million and can be financed via 70% hybrid and 30% senior debt issuance.
- The transaction will benefit to the shareholders and will not affect the transmission tariffs for end consumers, which are regulated in Belgium and Germany respectively.
- Elia confirms its commitment to deliver its planned investments in grid infrastructure in Belgium and Germany needed to support the energy transition in Europe.
- Elia will be entitled to fully consolidate 50Hertz after the transaction.
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Elia has decided to acquire an additional 20% stake in German transmission system operator 50HertzPDF - 501.69 KB
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Elia acquiert 20% supplémentaires dans le gestionnaire de réseau de transport allemand 50Hertz (in French)PDF - 535.58 KB
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Elia verwerft bijkomende participatie van 20% in Duitse transmissienetbeheerder 50Hertz (in Dutch)PDF - 430.14 KB
Marleen Vanhecke
Elia Group Head Communication & Reputation
mobile: +32 486 49 01 09
office: +32 2 546 71 32
Yannick Dekoninck
Head of Capital Markets
mobile: +32 (0) 478 90 13 16
office: +32 2 546 70 76
Boulevard de l'Empereur 20 B-1000 Brussels
