According E15 daily, all five bidders for 49% stake in Bulgarian NPP Belene improved their bids. Besides CEZ, other bidders include Enel, E.ON, RWE and Electrabel of Suez Group. The details of the bid are not public. NPP Belene should be commissioned in 2014. Our view: As the markets don’t have more detailed info, therefore we see this news as trading neutral at this point of time.