The Belgian transmission system operator (TSO) Elia System Operator SA/NV (‘Elia’) has received a notification from IFM Global Infrastructure Fund (‘IFM’) that it intends to sell its remaining 20% share in Eurogrid International (‘Eurogrid’), the holding company of the German TSO 50Hertz Transmission GmbH (‘50Hertz’). As the main shareholder of Eurogrid (80%), Elia now has two months to decide on whether it wants to exercise its pre-emption right. The notification follows an earlier transaction closed on April 26th 2018 when Elia increased its shareholding in Eurogrid from 60 to 80% and took full control of 50Hertz.
BRUSSELS/BERLIN 26/04/2018 - Elia System Operator SA/NV (‘Elia’), the Belgian transmission system operator (TSO), announced today that it has completed the acquisition of an additional 20% stake in Eurogrid International SCRL (‘Eurogrid’), the holding company of the German TSO 50Hertz Transmission GmbH (‘50Hertz’). Following this transaction, Elia will own 80% of Eurogrid and fully control 50Hertz.
The digital version of the Elia Group Annual Report is now available. The printed version will be published on 15 May 2018, the same day as the Annual General Meeting.
REGULATED INFORMATION – INSIDE INFORMATION
On Thursday 21 December, Elia’s Board of Directors appointed Bernard Gustin as the new chairman of the Board of Directors, for a period of 3 years with immediate effect. Bernard Gustin has been an independent non-executive director of the Elia Board since 16 May 2017.