CEZ begins talks with selected investors about its Bulgarian investments (NEUTRAL)

“Following the assessment of investor interest in Bulgarian assets of CEZ a. s., CEZ Group decided to enter into negotiations with several chosen entities that placed the best offers”, CEZ a.s. announced. Recall that CEZ received eight bids for its Bulgarian investments. According to Capital daily the chosen bidders are the group of Hristo Kovachki, the consortium of Bobokovi brothers and the Turkish STFA Yatirim, the Czech Energo-Pro, the owner of the distribution grid in North-Eastern Bulgaria and the local Inerkom, an owner of three photovoltaic parks. The other bidders were the mining company Elenilto, owned by the Israeli businessman Jacob Engel, Minstroy Holding (owned by Nikolay Valkanov), the Romanian distribution company Electrica and Future Energy. In Bulgaria, CEZ a.s. owns 67% of the grid operator CEZ Distribution, 67% of the electricity supplier CEZ Electro, the electricity trader CEZ Trade, a management company CEZ Bulgaria, a coal power plant TEC Varna (not operational), a photovoltaic power plant and a biomass power plant.