Financial and insurance group Eurohold Bulgaria has mandated J.P. Morgan AG to act as its lead and exclusive arranger for structuring the debt financing of the deal to acquire the local assets of Czech energy group CEZ.
Eurohold Bulgaria has obtained all regulatory approvals for the EUR 335 million deal signed in June 2019.
The transaction includes the purchase of 67 percent interest in power utility CEZ Distribution Bulgaria and power supplier CEZ Electro Bulgaria, as well as 100 percent of the shares of the licensed electricity trader CEZ Trade Bulgaria, IT services company CEZ ICT Bulgaria, solar park Free Energy Project Oreshetz, biomass-fired power plant Bara Group, and CEZ Bulgaria.
