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).


Elia is the Belgian transmission system operator, transmitting electricity from producers to distribution system operators and major industrial users, as well as importing and exporting electrical energy to and from Belgium’s neighbouring countries. Elia owns the entire Belgian extra-high voltage grid (150 to 380 kV) and some 94% (ownership and user rights) of Belgium's high-voltage grid infrastructure (30 to 70 kV). Elia's grid consists of 5,614 kilometres of overhead lines and 2,765 kilometres of underground connections and is a key link between electricity markets in Northern and Southern Europe. Belgium’s recent investments in interconnection capacity with its neighbours make it one of the most open and interconnected countries in Europe.


IFM Investors Pty Ltd ("IFM") is one of the largest global infrastructure investment managers. Headquartered in Melbourne, Australia, with offices in London and New York, IFM specialises in the management of private investment products including infrastructure, debt investments and listed equity portfolios. It manages over US$18.9 billion worldwide in its related products and services. It has been an investor in infrastructure assets since 1995, and has completed 43 transactions in that 15-year period with approximately US$6 billion invested in the sector. Within Europe, IFM Global Infrastructure Fund has direct investments in a number of regulated utilities and other infrastructure assets. IFM is owned by Industry Super Holdings Pty Ltd, the holding company for the Members Equity group of companies, which in turn is owned by 36 major Australian not-for-profit superannuation funds.

50Hertz Shareholders