Elia Group announces closing of €850 million private placement to fund infrastructure investments, ensuring grid reliability and advancing clean energy competitiveness

BRUSSELS | Elia Group SA (the “Company”, “Group” or “Elia Group”) is pleased to announce the closing of its previously announced €850 million private placement (or ‘PIPE’) involving ATLAS Infrastructure (“ATLAS”) with The Future Fund, Funds and accounts under management by direct and indirect investment management subsidiaries of BlackRock Inc. ("BlackRock"), Canada Pension Plan Investment Board (“CPP Investments”) and Elia Group’s reference shareholder, Publi-T/NextGrid Holding¹. 

As part of the PIPE, ATLAS with The Future Fund subscribed to €234.6 million, BlackRock to €117.3 million, CPP Investments to €117.3 million and Publi-T/NextGrid Holding invested €380.7 million, maintaining its 44.79% ownership through a pro-rata investment. 

The closing of the PIPE placement is part of a broader equity raise transaction which also comprises a rights issue which was launched today. Together, the PIPE placement and the rights issue, enable Elia Group to reach its €2.2 billion target straight equity raise for 2025 and to meet the straight equity requirements of the current investment plan, providing Elia Group with the necessary equity funding to meet its key financial objectives in the lead-up to 2028.

The PIPE resulted in the issuance of approximately 7.6 million new Class B shares to ATLAS with The Future Fund to BlackRock and to CPP Investments, and about 6.2 million new shares to Publi-T/NextGrid Holding. The shares issued to Publi-T/NextGrid Holding consist of 16.9 thousand new Class B shares and 6.1 million new Class C shares. 

¹NextGrid Holding was incorporated in January 2025 and is a joint venture between Publi-T and Fluxys. The subsidiary is jointly financed by Publi-T and Fluxys.