Watchdog Clears E.ON Bulgaria Sale to Energo-Pro
Bulgaria's Commission on Protection of Competition (CPC) has cleared the acquisition of EON Bulgaria EAD by Czech utility Energo-Pro.
In a Thursday statement, the anti-trust watchdog confirmed that the transaction does not obstruct fair competition on the market.
On December 03, E.ON's website informed that it had sold its 59% share of the power distribution business in Northeastern Bulgaria to Czech company Energo–Pro.
The European Bank for Reconstruction and Development (EBRD) followed suit by selling its 8% in the power supply and distribution business in the region.
Czech Energo–Pro paid a total of EUR 133 M for the 67% share of the business.
The Czech company already owns and operates 8 hydro power plants in Bulgaria united in three cascades -Sandanska Bistritsa Cascade, Koprinka Cascade and Petrohan Cascade.
The Czech utility also has has operations in the Czech Republic, Turkey, Georgia and Armenia.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgarian PM Borissov Inspected the Construction of the Interconnector with Greece
- » Bulgaria-Greece Gas Pipeline Has Exploded - No Injuries
- » Bulgarian Deputies Decided: The State Builds 100 Gas Stations
- » Gas Supplies to Bulgaria From Turkey Will Be Suspended Until The End Of The Week
- » Power Engineers: The People On The Other Side Of The Light
- » Udeclared Fuel Cost a Quarter of a Billion Euros to the Bulgarian Budget