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Bulgaria
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Bulgaria's Energo-Pro Grid to skip 2013 dividend

Dec 19, 2014, 10:45:10 AMArticle by Nina Byalkova
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SOFIA (Bulgaria), December 19 (SeeNews) – Bulgarian power distributor Energo-Pro Grid [BUL: 4ES] said on Friday it will distribute no dividend for 2013.

Bulgaria's Energo-Pro Grid to skip 2013 dividend

In 2013, Energo-Pro Grid had a profit of some 10.6 million levs ($6.7 million/5.4 million euro), it said in a bourse filing.

The proposal was approved by shareholders at a general meeting held on December 15.

The permit area of Energo-Pro Grid, majority-owned by Energo-Pro Bulgaria, itself a wholly-owned subsidiary of Czech power group Energo-Pro, covers nearly 30,000 square kilometers in Northeastern Bulgaria. The company operates and maintains an electricity distribution grid with length totaling 42,185 kilometers as well as 26 substations.

(1 euro=1.95583 Bulgarian levs)

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