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State Grid Corporation of China attempted to acquire a 20% stake in Eurogrid from IFM Investors.

Financials

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Transaction Value£837m
Consideration Type-
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Acquisition

Failed

electricity transmission

Electricity Distribution

Belgium

Private

Private Equity

Synopsis

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State Grid Corporation of China, the state-owned electric utility monopoly of China, attempted to acquire a 20% stake in Eurogrid, one of the four transmission system operators for electricity in Germany, from IFM Investors, an Australian investment management company, for EUR956m. The deal was blocked by German regulators.

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