Govt Okays CEZ's EUR281.5 Mln Acquisition of Bulgarian Power Distributors
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Bulgaria's government on Thursday approved a deal in which Czech energy provider CEZ a.s. acquired 67% stakes in the power distribution companies in Sofia City, Sofia District and Pleven for EUR281.5 million.
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French state-run company Areva  (CEPFi.PA) has unexpectedly agreed a $5 billion deal to build  two nuclear power plants in China weeks after a U.S. rival  appeared to have won a competition that dragged on for more  than two years.
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The European Union agreed to increase its last year financial aid for Bulgaria's farming to EUR56.5 million from initially planned EUR56.1 million under a financial memorandum officials signed Tuesday.
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The European Union Commission on Thursday cleared Mexico's Cemex SA De CV's acquisition of RMC Group PLC.
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Shares in Bulgarian Telecommunications Company jumped 36 per cent to Lev297 yesterday after the government sold its minority stake in an electronic auction on the Sofia bourse.
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The Government of the Republic of Srpska has approved the offer of the company "GFNT- Farmland LLE", from Washington, USA, for the purchase of "Govedarske farme" cattle farm, Nova Topola.
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Bulgaria signed the deal for the $15 billion South Stream pipeline with Russia, undermining the European Unionâs attempts to diversify its energy sources.
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Telekom Austria, Austriaâs largest telecoms operator, obtained access to the relatively underdeveloped East European mobile services market by winning the right to purchase the Bulgarian mobile operator MobilTel for â¬1.6billion ($2.12billion).
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The deal between Serbia and Russiaâs Gazprom comes four days after Russia announced a major deal with Bulgaria.
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German energy giant E.ON has raised its takeover offer for Spain's Endesa electricity firm to 35 euros (44.7 dollars) per share from 25.4 euros (32.5 dollars) offered in February, the company said in a statement.
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Spain's Iberdrola  is to  buy Scottish Power  for an agreed 11.6 billion pounds  ($22.5 billion) in cash and shares to create Europe's  third-biggest utility and a world leader in renewable energy.
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London - Mexican cement maker Cemex has agreed to buy British rival RMC Group for about R26.5 billion in cash and debt, the two companies said Monday.
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The Romanian government has said a German and a French company have been designated winners in tenders for stakes in two gas distributing companies.
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IBM Corp. on Thursday won EU approval for its largest acquisition ever, the $5 billion cash purchase of "business intelligence" specialist Cognos Inc.
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The EU signs visa deals with five Balkan states, making it cheaper and easier for their nationals to travel in Europe.
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Iberdrola plans to buy the regional utility owner Energy East Corporation for $4.5 billion in cash.
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Telekom Austria yesterday said it had agreed to buy MobilTel, Bulgaria&#39;s leading mobile telephone operator, in a step widely seen as preparing the way for a big share placement in the Austrian group.