Elia Preparing Funding for Vattenfall Deal

24 January 2010 (Last Updated January 24th, 2010 18:30)

Belgium power grid operator Elia is in talks to finance the acquisition of the German grid owned by Vatenfall. Elia could launch a capital increase of €300m to €500m ($426.1m to $710.2m), according to Belgian newspaper De Tijd. Vattenfall owns national grids in Eastern Germany

Belgium power grid operator Elia is in talks to finance the acquisition of the German grid owned by Vatenfall.

Elia could launch a capital increase of €300m to €500m ($426.1m to $710.2m), according to Belgian newspaper De Tijd.

Vattenfall owns national grids in Eastern Germany and the Hamburg region.

Elia operates the 380kV to 30kV high voltage grid in Belgium.