Report
Thijs Berkelder

Elia Group : EGM approval for equity raise

>But reiterates: no equity raise in 2024 - On Friday 21 June, Elia Group held an EGM (Extraordinary General Meeting of Shareholders) to validate an amendment in the articles of association related to the authorised capital. Because at the initial EGM on 21 May a quorum was reached of 71.39% and 71.29% respectively, not enough for approval, on Friday a second EGM took place to reach the final approval.Amendment company’s object: now also allowed to invest in othe...
Underlying
Elia Group SA/NV

Elia System Operator develops, operates and maintains very-high-voltage (380 kV, 220 kV and 150 kV) and high-voltage (70 kV, 36 kV and 30 kV) networks, providing its customers with consultancy and engineering services. Whether in Belgium, Germany or elsewhere in Europe or the U.S., Co. ensures that electricity flows reliably from energy producers to distributors and large corporate customers. Co.'s main activities include transmission operator, system operator and market facilitator, developing and maintaining grid infrastructure, connecting electrical installations to grids, providing transparent access to grids, while taking initiatives to improve electricity market operations.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Thijs Berkelder

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