23.03.2018

Elia has decided to acquire an additional 20% stake in German transmission system operator 50Hertz

Elia has decided to exercise its pre-emption right and to increase its share in Eurogrid, the holding company above 50Hertz, from 60% to 80%. The transaction will allow further strengthening collaboration and a stronger partnership between Elia and 50Hertz forming the Elia Group as a leading group of transmission system operators (TSOs) in Europe. The transaction price amounts to € 976.5 million and can be financed via 70% hybrid and 30% senior debt issuance. The transaction will benefit to the shareholders and will not affect the transmission tariffs for end consumers, which are regulated in Belgium and Germany respectively. Elia confirms its commitment to deliver its planned investments in grid infrastructure in Belgium and Germany needed to support the energy transition in Europe. Elia will be entitled to fully consolidate 50Hertz after the transaction.

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