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

EuroHold Bulgaria AD

29/10/2020 18:05

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;))