The Bulgarian Energy Minister, M. Kovachev reiterated details regarding the privatization of the nation's seven power distributors, where CEZ is taking part:
* the price will be the only criterion in bidding for the government's holdings;
* the due diligence deadline is May 25;
* binding bids must be submitted by June 25;
* the winners of the bidding should be selected by the end of July.
Five bidders are interested in the Bulgarian electricity distributors - CEZ, Italian Enel, German E.ON, Public Power of Greece and Austrian EVN. Neutral. Source: Bloomberg.
Jan Hájek