Transaction subject to Elia's pre-emption right
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.
Exercise pre-emption right
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’).
New feed-in record at 50Hertz
Share of renewable energy in consumption of electricity within 50Hertz control area over 53 per cent / Stabilisation of congestion management costs thanks to grid development / Grid fees 11 per cent lower / Good result of 182.1 million euros / New renewable growth target of grand coalition requires additional efforts and future-oriented regulatory framework