Berlin. Elia System Operator SA/NV (‘Elia’), the Belgian transmission system operator and 50Hertz majority shareholder, has decided to exercise its pre-emption right to acquire an additional 20 percent stake in Eurogrid International SCRL (‘Eurogrid’), the holding company above 50Hertz. Through this transaction, Elia will own 80% of Eurogrid, while 20% remain with Australian infrastructure fund IFM Investors (‘IFM’).
Boris Schucht comments on that: “We appreciate that our majority shareholder Elia has decided to use their pre-emption right. This is a strong signal to bring the energy transition forward in Germany as well as in Europe. With both shareholders Elia and IFM Investors are furthermore engaging to realize the ambitious investment program to make the energy transition happen, like they have in the previous eight years with their constructive support.”
Press release Elia Group