February 12 (SeeNews) - Czech energy group CEZ said on Monday its supervisory board has sought some complementary information regarding the process of selling CEZ's assets in Bulgaria.
"The additional information was delivered," CEZ press officer Alice Horakova told SeeNews in an e-mailed statement following Czech media reports that the supervisory board of CEZ has delayed the planned sale.
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"This is a standard procedure with sales of this size and importance," Horakova added.
Czech news daily Lidove Noviny reported in its online edition over the weekend the planned sale of CEZ's assets in Bulgaria has been delayed by the the strategic committee of the company's supervisory board, which has requested a third evaluation of the assets.
In January, CEZ told SeeNews it is still in talks with one of the potential buyers and hopes a deal will be concluded in the first quarter of the year.
The Czech group has already agreed the sale of one its assets in Bulgaria, a 1,260 MW thermal power plant (TPP) located in Varna, to a Bulgarian buyer. On December 12, Bulgaria’s Commission for Protection of Competition said it has allowed Bulgarian logistics company SIGDA to acquire Varna TPP for an undisclosed price.
The remaining assets of CEZ Group in Bulgaria include CEZ Distribution Bulgaria, the public supplier of electricity and a licensed trader CEZ Electro Bulgaria and licensed electricity trader CEZ Trade Bulgaria. The operations of those companies are managed and coordinated by CEZ Bulgaria.