28 May 2018
Elia receives notification from IFM that it intends to sell remaining 20% in Eurogrid, the holding company above German transmission system operator 50Hertz
The Belgian transmission system operator (TSO) Elia System Operator SA/NV (‘Elia’) has received a notification from IFM Global Infrastructure Fund (‘IFM’) that it intends to sell its remaining 20% share in Eurogrid International (‘Eurogrid’), the holding company of the German TSO 50Hertz Transmission GmbH (‘50Hertz’).
As the main shareholder of Eurogrid (80%), Elia now has two months to decide on whether it wants to exercise its pre-emption right. The notification follows an earlier transaction closed on April 26th 2018 when Elia increased its shareholding in Eurogrid from 60 to 80% and took full control of 50Hertz.
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Elia receives notification from IFM that it intends to sell remaining 20% in Eurogrid, the holding company above German transmission system operator 50HertzPDF - 401.33 KB
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Elia notifiée par IFM de son intention de vendre ses 20 % restants dans Eurogrid, le holding du GRT allemand 50Hertz (in French)PDF - 388.79 KB
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Elia ontvangt notificatie van IFM om de overblijvende 20% te verkopen in Eurogrid, de holdingmaatschappij van de Duitse transmissienetbeheerder 50Hertz (in Dutch)PDF - 386.64 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
