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Eurohold Bulgaria to consider power supply business expansion to neighboring countries

INTERVIEW: Eurohold Bulgaria to seek further opportunities for growth in energy sector

CEZ Electro Bulgaria slightly grows net profit in 2020, boosts revenue

CEZ Electro Bulgaria slightly grows net profit in 2020, boosts revenue Photo: CEZ Bulgaria / All rights reserved. SOFIA (Bulgaria), January 28 (SeeNews) - Power supplier CEZ Electro Bulgaria [BUL:1CZ], part of Czech energy group CEZ, said on Thursday that its net profit edged up to close to 16 million levs ($10 million/8.2 million euro) last year, from 15.3 million levs in 2019. CEZ Electro Bulgaria s operating revenue rose to 669.5 million levs in 2020 from 589.8 million levs the year before, the company said in its 2020 financial statement. The company s operating expenses increased as well, to 651.3 million levs, from 572.8 million levs in 2019, as the cost of goods sold rose to 614.5 million levs from about 541 million levs.

Eurohold Bulgaria gets nod from energy regulator to buy CEZ assets in Bulgaria

Eurohold Bulgaria gets nod from energy regulator to buy CEZ assets in Bulgaria Eurohold/All rights reserved. SOFIA (Bulgaria), January 19 (SeeNews) - Financial and insurance group Eurohold Bulgaria [BUL:4EH] said on Tuesday that it has received approval from the Energy and Water Regulatory Commission to acquire the assets of Czech energy group CEZ in Bulgaria. We got approvals by the Bulgarian antitrust and energy regulators, so we can proceed with the financing and completion of the deal. We have the support of global investment banks with solid experience in providing financing for such deals, Vasil Stefanov, head of mergers and acquisitions at Eurohold Bulgaria, said in a statement.

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