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Dec 15, 2017 15:23 EEST
SOFIA (Bulgaria), December 15 (SeeNews) – Czech energy conglomerate CEZ told SeeNews on Friday it is in exclusive talks with one of the potential buyers for its Bulgarian assets.
“… we confirm that exclusive talks with one of the bidders are going on currently, for a set period of time,” CEZ press officer Alice Horakova told SeeNews in an e-mailed statement.
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Earlier this month, CEZ told SeeNews it hopes to come up with a decision regarding the planned sale of its assets in Bulgaria by the end of the year.
Earlier this week, Bulgaria’s Commission for Protection of Competition said it has allowed local logistics company SIGDA to acquire Varna thermal power plant (TPP) from CEZ Group.
In January, the Czech group announced it had decided to study the options related to its equity investments in Bulgaria, based on the interest of several unnamed investors.
The assets of the CEZ Group in Bulgaria comprise CEZ Distribution Bulgaria, the public supplier of electricity and a licensed trader CEZ Electro Bulgaria, licensed electricity trader CEZ Trade Bulgaria and Varna TPP. The operations of those companies are managed and coordinated by CEZ Bulgaria.
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