der korrupte CEZ Konzern, verkauft ebenso Alles in Bulgarien

Die Super Bestechungs und Erpressungs Firma im Balkan, ist genauso gescheitert, wie der kriminelle Bodo Hombach mit seinem WAZ Konzern im Balkan, nur sind die Miliarden des Balkan Stabilitäts Pakt ziemlich verschwunden, auch in Betrugs Donau Brücken investiert worden, welche nach über 10 Jahren mit extremer Verspätung eröffnet werden konnte.

02 Mar 18

Bulgaria Seeks Stake in CEZ’s Assets Sale

Four days after Prime Minister Boyko Borissov said CEZ’s sale of its Bulgarian assets was a private matter, his government has announced it wants a key stake in the business.

Martin Dimitrov


When Bulgarian PM Boyko Borissov (right) and his Czech colleague Andrej Babis met in Sofia on 22 January, Borissov said that “CEZ is not a subject of discussion between us.”

The Bulgarian state wants a controlling stake in the Bulgarian assets of the Czech energy company CEZ, after they are sold to Bulgarian-owned company, Inercom, Finance Minister Vladislav Goranov said on Thursday, after Inercom owner Ginka Varbakova met the cabinet.

“The Prime Minister wants full control over the deal that we sign, and over the company,” Varbakova said at the press conference, adding that she is willing to let the state have a stake in the business, provided CEZ “does not mind”. Varbakova said she was leaving for Prague to clarify the matter with the Czech vendor company.

Goranov said there are different options that could see the state obtain a stake in CEZ’s Bulgarian business, including it buying up shares or one of the national energy companies doing so. “We are jumping into a deal concluded between two private companies. It’s a delicate situation,” Goranov admitted.

Earlier, on Sunday, Prime Minister Boyko Borissov seemed to rule out the state taking a stake in CEZ’s Bulgarian business. “It is a private deal reached in the Czech Republic among private companies,” Borissov said then.

This is not the only contradictory development surrounding the announced purchase of CEZ’s Bulgarian assets by the modest family-owned company of Ginka and Slavcho Varbakovi – which owns only three solar parks with a total annual turnover of about 25 million euros.

Last Friday, after the CEZ Supervisory Board announced that it has granted consent for the sale of its Bulgarian assets to Inercom, Energy Minister Temenuzhka Petkova handed in her resignation, to “erase all suspicions” about the deal, as it involved an acquaintance – Varbakova. It is still unclear whether Borissov will accept her resignation.

The deal that has been mulled at least a year is worth 320 million euros. There are conflicting accounts about the source of the the money.

Varbakova has insisted in interviews that “no offshore companies or shady interests” stand behind Inercom’s bid – and that her company had obtained “the assurance of a large foreign-owned company in Bulgaria with a high credit rating” to fund the purchase.

However, Borissov on Tuesday denounced the deal a plot to take down the government in a manner reminiscent of the winter of 2013, when his first government fell after protests against energy prices. “We underestimated the case a little bit”, he said.

The Prime Minister claimed also to have obtained secret documents from Czech PM Andrej Babis that show „Georgian offshore companies, Russian banks and Bulgarian [banks], which have had problems in the past” are involved in the deal.

On Wednesday, however, Babis denied sending any secret documents to Boissov.

When the Bulgarian and Czech Prime Ministers met in Sofia on 22 January, Borissov said that CEZ “was not a subject of discussion between us.”

CEZ decided to sell all its assets in Bulgariain January 2017. They include a distribution company, a retail electricity supplier and wholesale trader, a coal power plant in Varna with an installed capacity of 1,265 MW and two renewable sources plants.

The company has filed a case against Bulgaria in the International Centre for Settlement of Investment Disputes, ICSID, citing its “failure to observe the investment protection provisions of the Energy Charter Treaty”.