Edition:
India

Eurohold Agrees To Acquire CEZ Group's Assets In Bulgaria For 335 Mln Euros


Thursday, 20 Jun 2019 

June 20 (Reuters) - Eurohold Bulgaria AD <4EH.BB>::SAYS EUROHOLD AGREED TO ACQUIRE CEZ GROUP’S ASSETS IN BULGARIA.SAYS ЕUROHOLD WILL PAY EUR 335 MILLION AND HAS MANDATED TWO GLOBAL INVESTMENT BANKS TO ARRANGE FUNDING FOR TRANSACTION.SAYS EUROHOLD WILL FINANCE THE ACQUISITION THROUGH A COMBINATION OF EQUITY AND DEBT FINANCING.SAYS EUROHOLD’S ACQUISITION OF CEZ GROUP’S ASSETS IN BULGARIA IS EXPECTED TO BE FINALIZED AFTER OBTAINING REGULATORY APPROVALS.SAYS EUROHOLD HAS SECURED THAT CEZ BULGARIA’S CURRENT SENIOR MANAGEMENT, INCLUDING THE CHIEF EXECUTIVE OFFICER, WILL REMAIN IN THE COMPANY. 

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