EVN in Talks To Buy Enel's Majority Stake in Bulgarian Power Plant

EVN in Talks To Buy Enel's Majority Stake in Bulgarian Power Plant


Austrian utility group EVN is in negotiations to acquire the majority stake of Italy's Enel in the Maritsa East 3 thermal power plant in Bulgaria, Reuters reported on Thursday.

"There are talks but Enel is holding talks with a lot of companies and we [EVN] are just one of them," Reuters reported, quoting an unnamed spokesman for EVN Bulgaria as saying.

In March this year, Enel's chief executive Fulvio Conti announced that the company had started the process of selling its 73% stake in the 908 megawatt coal-fired Maritsa East 3. The stake was acquired in 2004.

The remaining 27% stake is held by Bulgaria's state-owned electricity grid operator NEK.



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