CEZ Declines Comment on Reported Sale Talks with India Power Corp for Group's Bulgarian Assets
Czech energy group CEZ said on Tuesday it will not comment on Bulgarian media reports that it may enter negotiations on the sale of its Bulgarian assets with India Power Corporation."At the moment we still have a valid sales agreement with Inercom and we are evaluating on what our next steps will be, so we will not comment on this matter," CEZ Group's press officer Alice Horakova said in an emailed response to a seeNews query. Earlier on Tuesday, daily 24 Chasa quoted Horakova as saying that in case CEZ decides to resume negotiations on the sale of its Bulgarian assets, the prospective buyer would be India Power Corporation — the second-ranked bidder after Inercom in an auction for the assets. Last week, Bulgaria's competition authority banned the sale of the local assets of CEZ to Sofia-based Inercom. According to the regulator's analysis, the a deal with Inercom will lead to the establishing of a dominant position, affecting competition.