Shareholder structure
Elia System Operator NV/SA holds a 100% majority stake in Eurogrid International CVBA/SCRL. Its 80 percent subsidiary Eurogrid GmbH ("Eurogrid") holds 100 percent of the shares in 50Hertz. The remaining 20 percent of Eurogrid is held by KfW Bankengruppe.
The purpose of Eurogrid is the acquisition, holding and operation of participations, in particular the participation in 50Hertz Transmission GmbH ("50Hertz"). 50Hertz Transmission GmbH in turn holds an interest in 50Hertz Offshore GmbH ("50Hertz Offshore") and other companies such as Elia Grid International SA, European Energy Exchange AG ("EEX"), Joint Allocation Office SA ("JAO"), TSCNET Services GmbH ("TSCNET") and Coreso SA ("Coreso"). In the 2018 financial year, Eurogrid mainly arranged and secured the financing of the construction and operating activities of 50Hertz.
50Hertz Transmission GmbH and its wholly-owned subsidiary 50Hertz Offshore GmbH are subsumed below under the name 50Hertz.