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Eurohold acquires CEZ's assets in Bulgaria

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Eurohold has overcome the latest regulatory requirement to acquire the Bulgarian assets of CEZ Electro Bulgaria. The Energy and Water Regulatory Commission has authorized a deal for acquiring 67% of the electricity distribution company's assets, BNR’s Horizont program reported. For 350 million euros Eurohold takes control over the business of "CEZ Group" in Bulgaria through its subsidiary and specially created for this purpose - Eastern European Electric Company

The sale of CEZ's Bulgarian assets could not be completed for several years. Initially, the Commission for Protection of Competition did not authorize the deal because Eurohold was mainly involved in insurance.



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