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3CZ - CEZ Distribution Bulgaria AD News Story

BGN256 4.0  1.6%

Last Trade - 15/01/21

Sector
Utilities
Size
Small Cap
Market Cap £224.3m
Enterprise Value £239.6m
Revenue £170.9m
Position in Universe 146th / 638

Bulgaria's watchdog to look closely into deal for CEZ's Bulgarian assets

Thu 10th October, 2019 1:31pm
SOFIA, Oct 10 (Reuters) - Bulgaria's competition watchdog
said on Thursday it would carry out an in-depth inquiry into
Eurohold's  4EH.BB  plans to acquire the Bulgarian assets of
Czech utility CEZ  CEZP.PR  before deciding on approval of the
335-million-euro deal.
    Bulgarian holding company Eurohold has a significant share
of the insurance market, while some of CEZ's Bulgarian companies
are active in energy trade, which requires bank and insurance
guarantees, the watchdog said.
    It said it needed to look closely at the deal's impact on
the energy market.
    The watchdog now has four months to decide whether or not to
approve the deal.      

 (Reporting by Tsvetelia Tsolova, editing by Deepa Babington)
 ((tsvetelia.tsolova@thomsonreuters.com; +359-2-93-99-731;))
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