ELIA H1 2010

[BIZ: Brussels, August 27]
Elia, Belgium’s transmission system operator, responsible for the transmission of electricity has had a good H1 for 2010 and has concluded the acquisition of German transmission system operator, a transaction in line with the integration of the central European electricity markets.

Elia publishes good half-yearly results in spite of relatively low Belgian OLOs, with a rise in the net book value per share to EUR 32.10.

German subsidiary Eurogrid/50Hertz achieves a net IFRS profit of EUR 37.4m (for the Elia portion, or 60% of the total) in the first half of the year.

Elia concludes a successful capital increase of EUR 299.4m.

GDF Suez leaves shareholding in Elia, while Publi-T increases its stake to 45.37% and becomes the main reference shareholder.

http://www.elia.be/