Antitrust Regulator Notified of Acquisitions of Three Heating Utilities

Antitrust Regulator Notified of Acquisitions of Three Heating Utilities

The Bulgarian competition regulator said three foreign energy companies are seeking its approval to separately take full control over three heating utilities, all currently owned by Seychelles-based companies.

Kataland has asked regulatory approval to take control over Bulgarian heating utility Toplofikatsia Pleven, which is 100%-owned by Kornvors.

A company named Bovard wants to take over Toplofikatsia Burgas, which is a fully-owned subsidiary of Worsford Ltd.

The Commission for Protection of Competition did not provide data about the potential buyers.

The two deals are not expected to affect the Bulgarian market, according to the regulator.

Olemira Business Ltd has asked for the regulator’s approval to take control over Toplofikatsia Vratsa, owned by Galer Consult Ltd.

In the same notice, the regulator said another company, named Magiva Holdings is seeking nod to take over from Seychelles-based Sevar its Bulgarian subsidiary miner Mina Cherno More-Burgas.

The value of the deals was not disclosed.

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