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15.05.2017 11:57
Bulgaria Will Not Participate in CEZ Stock Buyback (Energy Minister)
Bulgarian energy minister Temenuzhka Petkova stressed that such a procedure necessitates a considerable resource
AUTHOR: publics.bg

  • Bulgarian energy minister Temenuzhka Petkova
    © Bulgarian Ministry of Energy

At this stage Bulgaria does not have the possibility to take part in a stock buyback procedure of CEZ, Bulgarian energy minister stated on Monday during a press conference, as reported by Focus News.

‘When we talk about the sale of CEZ, several things should be made clear. CEZ is a private company’, Petkova said, adding that the decision of the Czech state to sell its share in CEZ in Bulgaria is a proprietary decision, under Czech law that excluded the possibility for Bulgaria to regain control over the power utility.

Petkova stressed that such a procedure necessitates a considerable resource.

‘We should not forget that the full liberalization of the power sector in Bulgaria is yet to be completed. The four power suppliers will thus no longer have [regional] monopoly over the service’, Petkova said.


TAGS: Bulgaria | CEZ | buyback | stocks | sale | Temenuzhka Petkova | energy | shares | liberalisation 


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