KfW acquires 20% of shares in Eurogrid/50Hertz on behalf of the German Federal Government
News from 2018-07-27 / Group
Following the exercise of pre-emption rights between the Belgian Elia System Operator SA and IFM, KfW acquires 20% of the shares of Eurogrid International CVBA on behalf of the German Federal Government. Eurogrid International CVBA indirectly holds 100% in the German transmission system operator 50Hertz. KfW carries out this transaction on behalf of the German Federal Government ("mandated transaction"). Opportunities and risks arising from this transaction lie with the Federal Government. KfW does not assume any entrepreneurial or strategic responsibility for the transaction. The shareholder rights are exercised by the German Federal Government.