CDR secures Elia flotation brief

Shareholders in Belgian national grid company Elia have hired Citigate Dewe Rogerson to handle financial comms around the likely flotation of the firm.

CDR directors Rachel Lancaster, Andrew Hey, Toby Moore and Sally Marshak are leading the account, for which M Communications and Smithfield also pitched.

Elia is a joint venture between Electrabel (which holds over 64 per cent of Elia), competitor SPE (which holds just under six per cent) and Publi-T, a cooperative firm representing the Belgian municipalities (with a 30 per cent stake).

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