Inercom Bulgaria divests PV assets to win approval for deal with CEZ
Date
September 17, 2018
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Bulgaria
Subsectors
Multisector
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
The owner of Bulgaria’s family-owned Inercom Group, Ginka Varbakova, has divested several assets in photovoltaic power operations in order to save the deal with Czech CEZ's Bulgarian assets.
Varbakova has decided to restructure her assets and left five firms to meet the requirement set by competition watchdog (CPC) for the solar PV deal after several controversies hounded the deal.
In Bulgaria, CEZ operates an electricity distribution business with 2mn customers, a retail electricity supplier, and a wholesale trader.
