Federal Government Sluists List 200 million euros towards the power network manager Elia
© Boumedine Belbachir
With the billion -dollar operation of power network manager Elia, the Staatsfonds SFPIM takes an important position for the first time. SFPIM provided 200 million euros to the Municipal Holding Publi-T, which can thus remain the controlling shareholder of Elia. That writes the time on Friday. The news is also in L’Echo.
Source: Belga
Today at 4:57 AM
Elia currently collects 2.2 billion euros in fresh capital to finance the enormous investments in electricity networks in Belgium and Germany. Before the operation started, the municipalities had 44.8 percent of Elia via Publi-T. They did not want that interest to be watered down, but not all intermunicipal shareholders still had margin to put additional cash on the table to buy Elia shares. That is why in recent years has been approached by various financiers for support, including at the SFPIM.
The Flemish municipal shareholders of Publi-T can count on an additional capital injection of Belfius and the P&V and Ethias insurers through the Flemish Energy Holding. Through another intermediate holding (Transco Energy), the Flemish government vehicle PMV and again Ethias in Publi-T.
It is not known how great the importance of SFPIM in Publi-T is. The Fluxys gas infrastructure group also plays a solid role in the shareholding of its electricity sister Elia. Publi-T and Fluxys founded the joint control holding NextGrid at the beginning of this year, a joint venture that must have sufficient financial strength to maintain the control interest of 44.8 percent in Elia in the future.
