Eurohold wraps up 335 mln euro buy of CEZ' Bulgarian assets
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SOFIA (Bulgaria), July 27 (SeeNews) - Financial and insurance group Eurohold Bulgaria [BUL:EUBG] said on Tuesday that it has completed the acquisition of the local business of Czech energy group CEZ for 335 million euro ($396.5 million).
The group, through its wholly-owned subsidiary Eastern European Electric company, acquired 67% interest in electricity distributor CEZ Distribution Bulgaria and power supplier CEZ Electro Bulgaria [BUL:CZD], as well as 100% of the shares of licensed electricity trader CEZ Trade Bulgaria, IT services company CEZ ICT Bulgaria, solar park Free Energy Project Oreshetz, biomass-fired power plant Bara Group, and CEZ Bulgaria, the coordinator of CEZ Group’s units in Bulgaria, the buyer said in an e-mailed statement.