Inercom

OpenCalais Metadata: Ticker

OpenCalais Metadata: LegalName

Instituto Nacional Electoral

Reuters: Eurohold Signs Deal to Acquire CEZ's Bulgarian Assets for EUR 335 Million

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.

CEZ is Already Negotiating with Indian Candidate for Assets in Bulgaria, Czech Newspaper Writes

The Bulgarian company Inercom is no longer considered by CEZ as an exclusive candidate in the deal for the Bulgarian assets of the company and is also negotiating with the Indian "India Power Corp.". This is stated on the site of the Czech newspaper Lidove News, quoting sources from CEZ, reports Dnevnik.

Bulgaria's Regulator Blocks CEZ and Nova TV Deals

In separate decisions published on Thursday, Bulgaria's anti-monopoly body, the Commission on Protection of Competition, CPC, has prohibited the signing of two of the largest recent deals in the country.

One was the sale of the Bulgarian assets of the Czech energy giant CEZ to a Bulgarian family-owned company, Inercom.

CEZ will Explore Possibilities for Bulgarian State to Participate in the Deal

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.

Deputy PM: The Resignation of Energy Minister Will Not Be Accepted

The resignation of Energy Minister Temenuzhka Petkova will not be accepted, Bulgaria's Deputy Prime Minister and Minister of Defence Krasimir Karakachanov said on 6th of March. The decision was taken yesterday at a meeting with Prime Minister Boyko Borissov, which was attended by cabinet ministers.

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