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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

Bulgarian competition regulator OKs CEZ's Bulgarian assets sale to Eurohold

Thu 29th October, 2020 6:05pm
SOFIA, Oct 29 (Reuters) - Bulgaria's competition regulator
has given the nod to insurance and financial group Eurohold
 4EH.BB  to acquire Czech utility CEZ's  CEZP.PR  Bulgarian
assets for 335 million euros ($395.94 million), Eurohold said in
a statement on Thursday.
    "Bulgaria's Commission for Protection of Competition granted
approval to Eurohold Bulgaria to acquire the subsidiaries of CEZ
Group in Bulgaria," the company said in a statement.
    The deal, under which Eurohold will acquire a power
distributor providing electricity to more than 2 million people,
along other energy assets, is pending the approval of the
country's energy regulator. 
    Bulgarian competition authorities re-opened an in-depth
inquiry into the deal in August after a Bulgarian court revoked
its earlier ban on the deal.  urn:newsml:reuters.com:*:nL8N2FX2A4

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