May 16 (SeeNews) - Bulgaria's anti-trust regulator said on Monday it has given the green light to three Seychelles-based companies to buy a coal mine and three heating utilities in Bulgaria affiliated to local businessman Hristo Kovachki.
The Commission for Protection of Competition (CPC) has allowed Sevar Ltd to acquire 100% of coal mine operator Mina Cherno More - Burgas, and its fully-owned subsidiary, the heating utility in the town of Sliven, it said in statement.
Two other Seychelles-based companies wee allowed to get control over the heating utilities in Pleven, northern Bulgaria, and in Burgas, on the Black Sea coast, the Commission said in separate statements.
Cornworth Ltd was allowed to buy Toplpofikatsia Pleven and Worthford will acquire Toplofikatsia Burgas, it said.
Financial details of the deals were not disclosed.
All four Bulgarian companies are indirectly owned by energy tycoon Hristo Kovachki, who was recently handed a suspended sentence for tax evasion.
Earlier this year, CPC allowed Seychelles-based Moller Corp to buy Bulgarian coal-fired power plant Brikel, also owned by Kovachki.