All five bidders for the Bulgarian electricity distributors, including CEZ (the Italian Enel, the German E.ON, Public Power of Greece and the Austrian EVN are also taking part in the privatization tender), have been invited to submit binding bids by May 25, Reuters reported yesterday. The offered price will be the decisive factor. Recall that CEZ submitted indicative bids for all three groups of distributors although it can win one tender only. The Bulgarian government reportedly expects the sale to raise at least EUR 240m. Expected.
Jitka Oppitzová, Patria Finance