Belgian transmission system operator Elia said it will exercise its pre-emptive right to acquire the 20% it doesn’t already own in Eurogrid International, the holding company of Eastern German TSO 50Hertz, from Australia’s Global Infrastructure Fund (IFM).

The stake will immediately be resold to German government-owned development bank KfW.

The transaction marks a greater involvement by Berlin in fending off acquisitions of critical infrastructure and industries by state-owned companies from China.