Electricity

UPDATE: Green light for selling of IBEX to Bulgarian Stock Exchange

Photo: Pixabay

Published

August 15, 2017

Country

Comments

comments icon

0

Share

Published:

August 15, 2017

Country:

Comments:

comments icon

0

Share

 Article from August 10 updated with new information. 

State-owned Bulgarian Energy Holding (BEH) has got the green light to sell the Independent Bulgarian Energy Exchange (IBEX) to the Bulgarian Stock Exchange (BSE), Bulgarian government announced.

Th Government of Bulgaria has announced that it has given its approval to the Bulgarian Energy Holding to sell 100 percent of IBEX to BSE. It was also announced that the sale will be carried out through direct negotiation and the starting price will be determined by a licensed evaluator.

IBEX to be sold for EUR 2.7 million

The Bulgarian Stock Exchange said on August 14 that it has reached an agreement with BEH to buy IBEX for EUR 2.7 million, the SeeNews portal reported.

The deal will be concluded after it receives the approval of BSE’s shareholders.

The transfer of ownership of IBEX was requested by the European Commission in order to prevent abuse of dominant position by the BEH.

First, the BEH has committed to transfer ownership of IBEX to the Ministry of Finance. Then, upon the request from the BEH, the European Commission has issued an opinion according to which the Bulgarian Stock Exchange would be a more appropriate buyer of IBEX than the Ministry of Finance.

The European Commission has also extended the deadline for transfer of the IBEX shares until the end of October 2017.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

marko bislimoski north macedonia public institutions electrcity supply

North Macedonia to change electricity supply model for public institutions

05 February 2025 - North Macedonia intends to introduce a new electricity supply model for public institutions to lower their costs

Turkey USD 500 million solar power investments auction round

Turkey facilitates USD 500 million in solar power investments through auction round

05 February 2025 - The winners of PV projects in the latest auction round in Turkey must pay high contribution shares for a guaranteed price at the low end of the initial range

serbia romania power line pancevo resita cross-border

Second Romania-Serbia power line operational, cross-border capacity jumps 80%

04 February 2025 - The first system within the 400 kV Pančevo-Reșița interconnection was put into operation in November, and now the second one has come online

serbia eps profit 2024 dubravka djedovic dusan zivkovic

Serbia’s EPS posts annual profit of EUR 223 million

03 February 2025 - Elektroprivreda Srbije has reported a profit of RSD 26.1 billion for 2024, much lower than one year before