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3CZ - CEZ Distribution Bulgaria AD News Story

BGN256 4.0  1.6%

Last Trade - 15/01/21

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

Eurohold appeals ban to acquire CEZ's Bulgarian assets

Tue 12th November, 2019 2:43pm
SOFIA, Nov 12 (Reuters) - Insurance and financial group
Eurohold  4EH.BB  said on Tuesday that it has appealed the
Bulgarian competition regulator's decision to block its
acquisition of the Bulgarian assets of Czech utility CEZ
    Eurohold said in a statement it has filed the appeal in the
Sofia Administrative Court, adding it "keeps its interest in the
acquisitions of companies in the energy sector as it sees
potential for diversification of its portfolio".
    Bulgaria's regulator blocked the 335 million-euro ($369.17
million) deal last month, saying it could hinder competition in
the electricity and insurance markets in Bulgaria.  urn:newsml:reuters.com:*:nL5N279762
    CEZ also said it has appealed the Balkan country's
regulator's decision to block the deal.  urn:newsml:reuters.com:*:nP7N1V5027  

($1 = 0.9074 euros)

 (Reporting by Angel Krasimirov, editing by Ed Osmond)
 ((tsvetelia.tsolova@thomsonreuters.com; +359-2-93-99-731;))
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