BGN256 4.0 1.6%
Last Trade - 15/01/21
Market Cap | £224.3m |
Enterprise Value | £239.6m |
Revenue | £170.9m |
Position in Universe | 146th / 638 |
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;))