While CEZ did not disclose the value of the deal, Reuters reported that the transaction is estimated at about US$370 million. CEZ , the Czech energy utility company , is to sell its remaining Bulgarian interests to local company Inercom Bulgaria . In a deal estimated to be worth around $ 370 m , CEZ will transfer ownership of seven businesses : CEZ Energy Bulgaria , Fair Trade Bulgaria , Free Energy Project Bulgaria and Bara Group . It has also sold its first renewable investment in the country , the Oreshetz solar power plant in western Bulgaria . The deal is expected to be finalised shortly , with a statement from CEZ saying the offer from Inercom was above market value for the assets .
CEZ , the Czech energy utility company , is to sell its remaining Bulgarian interests to local company Inercom Bulgaria . In a deal estimated to be worth around $ 370 m , CEZ will transfer ownership of seven businesses : CEZ Energy Bulgaria , Fair Trade Bulgaria , Free Energy Project Bulgaria and Bara Group . It has also sold its first renewable investment in the country , the Oreshetz solar power plant in western Bulgaria . The deal is expected to be finalised shortly , with a statement from CEZ saying the offer from Inercom was above market value for the assets .