Eurohold picks JP Morgan to structure debt for CEZ asset buy

EuroHold Bulgaria AD

26/04/2021 09:27

SOFIA, April 26 (Reuters) - Bulgarian financial group
Eurohold  EUBG.BB  said on Monday it has picked JP Morgan as its
lead arranger for a debt financing to finalise its 335 million
euro ($405.12 million) purchase of Czech utility CEZ's  CEZP.PR 
assets in Bulgaria.
    The company also plans to raise to up to 100 million euros 
through a capital increase to help finance the deal with CEZ,
which includes a power distributor providing electricity to more
than two million people.
    "This is a further step towards the completion of the
acquisition of CEZ Group’s subsidiaries in Bulgaria by the end
of the first half of the year", the company said.
($1 = 0.8269 euros)

 (Reporting by Tsvetelia Tsolova, editing by Louise Heavens)
 ((tsvetelia.tsolova@thomsonreuters.com; +359-888-311-435;))