FSC temporarily bans Eurohold's voluntary tender offer for Electrohold Sales (NEUTRAL)

05.05.2022 Source: FSC; FFBH

The Financial Supervision Commission (FSC) has issued a temporary ban on the tender offer by Eurohold Bulgaria to all other shareholders of Electrohold Bulgaria (formerly known as CEZ Electro) – 154 shares or 3.08% of share capital. In its resolution FSC has requested certain amendments which, if applied, are expected to increase the fair price (BGN 28 016) according to the valuation methods. Recall that on April 6, Eurohold has filed a voluntary tender offer at a price of BGN 28 158.30, which according to the announcement is the 6-months weighted-average price.