CPC cut "Iernom" for CEZ assets



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The Commission for the Protection of Competition has banned "Iernom Bulgaria" from acquiring badets of the CEZ Group in Bulgaria. Thus, Ginka Varbakova will not be able to buy the companies CEZ Bulgaria, CEZ Distribution Bulgaria, CEZ Electro Bulgaria, CEZ Trade, Fry Energy Project Oreshets, Barra Group. During the inspection, CPC established a horizontal overlap of participants' activities in the wholesale electricity supply market from photovoltaic plants. Such an agreement would also have an effect on the markets of supply, distribution and trading of electricity, said the anti-monopoly. According to them, there are also prerequisites for strengthening the dominant group in the electricity market

"Given the wide range of activities of the acquiring companies and their importance to the electricity system of the Republic of Bulgaria, one can reasonably badume that is of strategic importance to the country and its potential effects would have direct implications on national security, "says the commission. Such a transaction would hinder effective competition in the market, say state experts.

"We are surprised by the decision of the CPC" was the first reaction of "Iernom Bulgaria". The company would carefully badyze its motives in the coming days to announce its position as well as its follow-up

The Czechs are also surprised by this decision, because both parties formally felt that it would not be there. problem for the transaction. . It has also been inspected by a special commission in the Bulgarian Parliament. His opinion was that it is not clear where "Iernom" will find ways to buy CEZ badets in Bulgaria. However, Verbakova was confident that they would be able to find the necessary amount of more than 350 million euros.

In this case, CEZ could enter into negotiations with India's India Power. She participated in the race for Czech badets with the Bulgarian Future Energy. Shortly after learning of these intentions, the Bulgarian partner was quickly withdrawn from the stock market

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