BSTDB Contributes EUR 50 million to Major Acquisition in Bulgarian Energy Sector

News | 03-Aug-2021

The deal is estimated to bring over EUR 500 million to the Bulgarian economy and improve stability and synergies in the energy sector.

The Black Sea Trade and Development Bank (BSTDB) has committed EUR 50 million as part of  a banking syndication to finance the acquisition by Еurohold Bulgaria AD, the largest Bulgarian public holding and a leading independent financial and insurance group in Southeastern Europe, of seven subsidiaries of Czech energy group CEZ in Bulgaria for EUR 335 million.

The acquisition is expected to benefit the Bulgarian economy by ensuring an inflow of over EUR 500 million and assisting growth, improvement of electricity infrastructure and new job creation. Eurohold plans to invest in technology and digitalized processes to improve efficiency and generate synergies to enhance operating potential and cost optimization to benefit the clients.