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


22-08-2018

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 für 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’).