Bulgarian anti-trust body looks into Eurohold deal for CEZ assets

Bulgarian anti-trust body looks into Eurohold deal for CEZ assets

Bulgaria's Commission for Protection of Competition opened on Thursday proceedings regarding financial and insurance group Eurohold Bulgaria's planned acquisition of the local assets of Czech energy group CEZ, competition regulator data shows.Interested parties have until October 10 to submit their statements regarding the planned transaction, a notice published on the regulator's website reads.The two groups operate on different market segments and the transaction is not expected to affect competition, the notice reads.On June 20, Eurohold Bulgaria signed an agreement to acquire CEZ' assets in Bulgaria for 335 million euro ($367 million). Eurohold Bulgaria will finance the acquisition through both equity and debt financing, it said at the time.CEZ's assets in Bulgaria comprise power utility CEZ Distribution Bulgaria, power supplier CEZ Electro Bulgaria, licensed electricity trader CEZ Trade Bulgaria, IT services company CEZ ICT Bulgaria, solar park Free Energy Project Oreshetz, biomass-fired power plant Bara Group and CEZ Bulgaria.Eurohold, CEZ Distribution and CEZ Electro shares had not traded on the Bulgarian Stock Exchange by 12:05 CET on Thursday.Eurohold Bulgaria's portfolio currently includes companies active in financial services, leasing, insurance and car sales.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.