Bulgarian Stock Exchange to acquire the Independent Bulgarian Energy Exchange

12.10.2017

The Bulgarian Stock Exchange (BSE) has applied to the Commission for Protection of Competition for the acquisition of the Independent Bulgarian Energy Exchange (IBEX). The selling is carried out at the requirement of the European Commission in order to avoid a conflict of interests on the part of the Bulgarian Energy Holding (BEH) in the power market. The amount to be paid by BSE is BGN 5,2 million, 4 million of which will be paid at the conclusion of the contract and the remaining part will be paid in three equal installments during the sixth, twelfth and eighteenth months after the transfer of the shares.

Source: Capital