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Energy: Czech CEZ sells assets in Bulgaria for 335 mn

Buyer is the local investor Eurohold

21 June, 16:49
(ANSA) - BELGRADE, 21 JUN - The Czech energy company CEZ will sell its assets in Bulgaria to the local investor Eurohold for 335 million euros, with the agreement subject to regulatory authorities approval, Radio Praha informed. CEZ operates in Bulgaria since 2004 and the prospective sale concerns seven of its local units. Eurohold will finance the acquisition through a combination of equity and debt financing, the company added.

The Czech Republic is the largest shareholder of CEZ Group, an integrated electricity conglomerate with operations in Central and Southeastern Europe and Turkey, and it is currently among ten of the largest energy companies in Europe in terms of installed capacity and number of customers, the official website of CEZ reads. (ANSA).

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