Bulgaria to Start Sale of 33% Stakes in 2 CEZ Units

Business | October 18, 2012, Thursday // 18:19|  views

Photo by dariknews.bg

Bulgaria will sell the state-owned 33% stakes in two units of power distributor CEZ on the Bulgarian Stock Exchange (BSE) starting October 29, according to the press office of the Privatization and Post-Privatization Control Agency (PPCA).

The PPCA will offer 63 624 shares in power distributing unit CEZ Razpredelenie Bulgaria AD and 1650 shares in grid operating unit CEZ Electro Bulgaria AD with a par value of BGN 10 each.

Investment intermediary Central Cooperative Bank AD will manage the sale.

At the beginning of October, Bulgaria sold the bulk of its 33% stakes in the two units of power distributor Energo-Pro, Energo-Pro Grid AD and Energo-Pro – Sales AD.

The public share offering on the BSE raised BGN 68 M.

Energo-Pro acquired the two Bulgarian power distribution companies from E.ON in June, 2012.

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Tags: CEZ, CEZ Distribution Bulgaria, CEZ Trade Bulgaria, power distributor, Energo-Pro, Bulgarian Stock Exchange, minority stake, Privatization and post-Privatization Control Agency, E.ON


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