Czech energy company CEZ said that its Supervisory Board gave consent to the sale of its Bulgarian assets to Bulgarian company Inercom for an undisclosed sum.
The statement from CEZ said that it is expected that the agreement on the sale will be signed in the few days, but it still has to be approved by the Bulgarian Commission for the Protection of Competition (CPC). The sale package includes: electricity distributor CEZ Distribution Bulgaria, electricity supplier CEZ Electro Bulgaria, electricity trader CEZ Trade Bulgaria, IT services company CEZ ICT Bulgaria, solar park Free Energy Project Oreshetz, biomass-fired power plant Bara Group and CEZ Bulgaria, which manages and coordinates the operations of all abovementioned companies.
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