Press releases
2018
  • 22.08.2018

    Elia welcomes German Bank KfW as shareholder in transmission system operator 50Hertz

    Elia System Operator SA/NV (‘Elia’) announces the closing of the Transactions with IFM Global Infrastructure Fund (‘IFM’) and the German state-owned bank Kreditanstalt fu¨r Wiederaufbau (‘KfW’) regarding a 20% stake in Eurogrid International (‘Eurogrid’). With the close of these transactions, KfW, on behalf of the German Federal Government, replaces IFM as shareholder in Eurogrid, the holding company of the German transmission system operator 50Hertz Transmission GmbH (‘50Hertz’).

     

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  • 27.07.2018

    On Friday 27 July, Elia Group published its half year results 2018

    Highlights:

    • Grid investments of 234€ million in Belgium and €104 million in Germany to ensure reliable supply of electricity and accomodate growing renewable energy flows.
    • Very high system reliability (99.998%), benifitting 30 Million end users in Belgium and Germany.
    • Acquisition of an additional 20% stake in Eurogrid International in April 2018, resulting in full control of Eurogrid and a change in consolidation method.
    • Net Profit (Elia Group share) up 38.6% to €142.2 million as a result of the acquisition of additional shares of Eurogrid, strong operational performance and the release of a legal claim provision in Germany and the realisation of strategic investments in Belgium
    • Outlook slightly more positive for 2018

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  • 28.05.2018

    Elia receives notification from IFM that it intends to sell remaining 20% in Eurogrid, the holding company above German transmission system operator 50Hertz

    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.

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  • 16.05.2018

    Interim Statement: Q1 2018

    Highlights

    • General Meeting of 15 May approves gross dividend of €1.62 per share
    • Elia completes all main construction contracts for the Modular Offshore Grid
    • Permits obtained and construction started on the ALEGrO Project
    • Foundations laid at Kriegers Flak – Combined Grid Solutions
    • Elia acquires an additional 20% stake in 50 Hertz
    • Elia obtains Top Employer Label Financial outlook for 2018 reiterated

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  • 26.04.2018

    Elia completes the acquisition of an additional 20% stake in German transmission system operator 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.

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  • 23.02.2018

    Elia Group annual results 2017

    HIGHLIGHTS 2017

    • Grid investments of €486 million in Belgium and €461 million in Germany to secure further the uninterrupted supply of electricity and to accommodate increasing renewable energy flows
    • Very high system reliability (99.999%), benefiting 30 million end-users in Belgium and Germany
    • Normalised net profit1 up 28.9% to €216.6 million (Eurogrid up 58.2%, Elia up 8.8%), driven by the containment of operating costs in particular in Germany and, in Belgium, the full realisation of the strategic investment Programme
    • Dividend of €1.62 to be proposed at the General Meeting on 15 May 2018

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Contact

For questions or requests for information:


E-Mail: info@elia.be

Press Contact

Marleen Vanhecke

External Communications & External Relations

Marleen Vanhecke
Tel: +32 2 546 71 32
Mobile: +32 486 49 01 09
E-Mail: marleen.vanhecke@elia.be