July 19, 2018 / 10:22 AM / a year ago

Bulgarian competition regulator stops Inercom's acquisition of CEZ assets

FILE PHOTO: Czech electricity producer CEZ's logo is seen on the company's headquarters in Prague March 17, 2013. REUTERS/David W Cerny/File Photo

SOFIA (Reuters) - Bulgaria’s anti-monopoly regulator said on Thursday it would not allow small solar energy producer Inercom to buy the Bulgarian assets of Czech utility CEZ.

CEZ signed a contract in February to sell a power distributor that provides electricity to more than three million Bulgarians, together with other assets in Bulgaria, to Inercom.

Reporting by Angel Krasimirov; Editing by Susan Fenton

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