CEZ A.S. — M&A Activity 2021

Jul 27, 2021

CEZ Group Completes Sale of Bulgarian Assets for EUR 335 Million

The sale of Bulgarian assets between CEZ Group and Eurohold was settled today, with the latter paying EUR 335 million to CEZ for seven Bulgarian companies. The sale agreement was signed in June 2019 and had to be approved by the Bulgarian Competition Authority and the Bulgarian Energy and Water Regulatory Commission. The sale is in line with CEZ Group's strategy, which envisages exiting selected markets and segments abroad. The international investment arbitration continues.