On 19 May 2010, new shareholders acquired 50Hertz when the former Vattenfall transmission system operator was sold to Belgian system operator Elia and the Australian infrastructure IFM Investors (IFM).
The two shareholders established a holding company under Belgian law for this purpose, Eurogrid International CVBA/SCRL. The equity shares in Eurogrid International CVBA/SCRL are 60 percent held by Elia and Elia Asset, and 40 percent by IFM (via Luxembourg No. 2 S.à.r.l., an enterprise incorporated under Luxembourg law). The interest in 50Hertz is 100% owned by German Eurogrid GmbH, a wholly-owned subsidiary of Eurogrid International CVBA/SCRL (see diagram).