CEZ confirmed that it would submit an indicative bid for the Bulgarian electricity distributors today. Besides CEZ, the Italian Enel, E.ON of Germany, the Austrian EVN and Public Power Corp of Greece will také part in the privatization, Reuters reported on Friday. The Bulgarian government reportedly expects the sale to fetch at least EUR 300m. Recall that seven distributors were placed into three groups and that each group can be sold to different investors. CEZ might place bids for all three groups (CEZ indicated it could bid EUR 200-300m in total) with the aim of winning at least one.
Jitka Oppitzová, Patria Finance