October 24, 2019 / 2:24 PM / 20 days ago

Bulgarian regulator blocks Eurohold's buy of CEZ's Bulgarian assets

SOFIA, Oct 24 (Reuters) - Bulgaria’s competition regulator on Thursday blocked the planned acquisition of the Bulgarian assets of Czech utility CEZ by insurance and asset management holding company Eurohold.

The regulator said the 335-million-euro deal would lead to a significant increase of the market share of the new group and would have an impact on both insurance and the energy markets. (Reporting by Tsvetelia Tsolova, editing by Deepa Babington)

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