CEZ Group

Approximately 450 Romanian and foreign volunteers will participate in raising, in five days, 10 homes for 10 families in the Vaideeni commune of southern Valcea County that are going through difficult times, in a charitable action that started on Monday in the Valcea County locality with the support of an international organization with the mission to end precarious living conditions.

CEZ Distribution Bulgaria has received a construction permit for its EUR 1.5 million project to replace the 110 kV Zenit power transmission line and partly reconstruct two substations in Sofia, the company has said in a statement, according to reports.

The Bulgarian Eurohold business group will take over CEZ Group's entire assets in Bulgaria, the two companies announced on Thursday.

The largest publicly listed Bulgarian holding company will pay 335 million euros for the Bulgarian assets of the Czech utility operator.

Bulgarian holding company Eurohold has signed a deal to buy the Bulgarian assets of Czech utility CEZ for 335 million euros ($377.9 million), it said on Thursday. 

Eurohold, active in insurance and asset management, entered exclusive talks in April to acquire CEZ's assets in the Balkan country including a power distributor that provides electricity to more than 3 million Bulgarians.

The largest public holding company in Bulgaria and one of the leading independent business groups in Central and Southeastern Europe - Eurohold Bulgaria AD received exclusivity for the acquisition of the assets of electricity supplier, CEZ Group, in Bulgaria, the holding said in a press release to the media on 17th of April, reports BNT. 

The withdrawal of the Czech energy company CEZ from the Bulgarian market went into a new phase. According to sources in the Czech Lidovky Noviny newspaper, close to the management of the company, the company has decided to suspend the negotiations for the purchase of its assets with India Indian Power and stay with the Bulgarian financial group Eurohold.

MPs from the Temporary Committee to identify all the facts and circumstances of the privatization and planned sale of the CEZ Group companies in Bulgaria will meet today. They also hope that Prime Minister Boyko Borissov will also be there.

The Temporary Committee for establishing all the facts and circumstances related to the privatization and planned sale of CEZ Group companies in Bulgaria will hold its first meeting today.

The Interim Parliamentary Committee was formed after the scandal surrounding the energy deal. The head of the commission is BSP MP Zhelyo Boychev.

Czech CEZ will examine the possibilities for the Bulgarian state to enter the deal for the sale of the Bulgarian branch of the company, CEZ Group spokesperson Alica Horakova told BNT on 9th of March. A full legal analysis will be carried out, after which the negotiations with the company "Inercom" will continue.

Whether the Bulgarian state will be able to buy shares from CEZ will be understood at the end of next week. This was announced by the Inercom office.