Icon - Instagram

29.05.2018

50Hertz informed about sale of 20 percent shares by IFM

Transaction subject to Elia's pre-emption right

Berlin, Brussels, London – 50Hertz has just been informed, that Elia System Operator SA/NV (Elia) received notification by IFM Global Infrastructure Fund (IFM) regarding IFM’s intention of selling its remaining 20 percent stake in Eurogrid International SCRL, the holding company above 50Hertz. The transaction is now subject to Elia’s pre-emption right and customary closing conditions. Furthermore, some legal steps have to take place as examinations by the antitrust relevant authorities and the national regulatory authority.

Please find more information on the Elia Group Webpage