Bulgaria’s competition regulator has given the nod to insurance and financial group Eurohold to acquire Czech utility CEZ’s Bulgarian assets for €335 million (US$395.94 million), Eurohold said in a statement on Thursday, October 29.
“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.
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