Bulgarian Fin Regulator Probes Eurohold Over CEZ Deal Talks

Bulgarian Fin Regulator Probes Eurohold Over CEZ Deal Talks

Bulgaria's financial regulator said on Wednesday that it is launching a probe into local financial and insurance group Eurohold Bulgaria  and its major subsidiaries in connection with the high profile deal for the acquisition of the local assets of Czech energy group CEZ.Eurohold Bulgaria launched exclusive talks for the acquisition of CEZ assets in Bulgaria last week.The Financial Supervision Commission's main goal is to check the financial state and capacity of the holding company in view of future acquisitions, including of CEZ Distribution Bulgaria  and CEZ Electro Bulgaria , the financial regulator said in a statement.The regulator has notified the prosecutor's office and the State Agency for National Security about its actions.Eurohold Bulgaria has said it intends to participate in the procedure for acquiring the assets of CEZ on its own, and will use own funds, with additional support to be provided by leading Western European banks.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.

Previous Next
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.