Elia informed about discussions on possible sale of 50Hertz shares by IFM

Brrussels, Belgium | Elia System Operator SA/NV (Euronext: ELI) (“Elia” or the “Company”) has been informed that IFM Investors (via Global InfraCo S.à.r.l), its partner in the joint venture Eurogrid International SCRL, the holding company above 50Hertz Transmission GmbH (“50 Hertz Transmission”), is in discussions to sell half of its 40% participation in Eurogrid International SCRL to State Grid Corporation of China, or one of its subsidiaries.

50Hertz Transmission is one of the 4 Transmission System Operators in Germany active in the North and the East of Germany.
Elia has, together with Elia Asset SA/NV, a 60% participation in Eurogrid International SCRL, the holding company above 50Hertz Transmission.

IFM is a global investment manager with assets across infrastructure, listed equities, private capital and debt investments State Grid Corporation of China is a public Chinese company.

At this stage, there is no certainty that the intended transaction will materialise.

Elia will examine the intended transaction and its modalities, as soon as officially confirmed.

Elia understands that the discussions are ongoing and that the outcome is unclear.

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