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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.

Contact

KfW, KfW Presse, Pressesprecher, Helbig, Kreditanstalt für Wiederaufbau

Dr Michael Helbig

First Vice President of the Communication Dept. and Public Relations Officer

Phone

+49 69 7431 2277

Fax

+49 69 74 31 43 26

eMail

Michael.Helbig@kfw.de