Elia may team up with IFM for Vattenfall bid

Belgian transmission operator Elia is in talks with Australia’s Industry Funds Management regarding a joint bid for Vattenfall’s German grid. The consortium is reportedly considering bidding around €800m for the asset. Vattenfall reopened the auction for its grid in November after exclusive talks with a Goldman Sachs/Allianz/RREEF consortium broke down over price.