Successful Privatization Deal

Successful Privatization Deal

24.07.2006
Успешно приключване на приватизационна сделка

The Privatization agreement for the sale of TEC Varna EAD was signed on May’04 2006.

Eurolex Bulgaria Ltd., together with the czech branch of White&Case – multinational law company from USA, one of the biggest and one of the most active on the Bulgarian market, as well as the British Linklaters, consulted the buyer CEZ in this deal, described by the Privatization agency as the biggest on base of asset value/price ratio.

The total price paid by CEZ is about 350 million euro – including 206 million euro for 100% of the shares, 108 million euro for increase of the capital of the company at the moment of acquisition of the shares and 40 million euro for the establishment of Energy Invesments Fund for investments in the Bulgarian Energy Sector within the next four years.

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