Belgian transmission system operator (TSO) Elia has completed the acquisition of an additional 20% stake in Eurogrid International, the holding company of German TSO 50Hertz.
Elia’s interest in Eurogrid International now rises to 80%.
The company paid about €976.5m for the additional 20%.
“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 in Europe,” Elia said when the proposed deal was first announced in March.
Image: Elia
Elia boosts 50Hertz stake
By EBS