Eurohold commissioned J.P. Morgan AG (lead and exclusive manager) to organize the debt financing of the deal with CEZ Group

Industry / Bulgaria
3E news
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The largest public holding in Bulgaria and one of the leading independent financial and insurance groups in Southeast Europe - Eurohold, assigned to J.P. Morgan AG to be a leading and exclusive manager in structuring the debt financing of the deal with CEZ Group.

"We are pleased to involve one of the largest and most experienced institutions in the world in financing such complex transactions, especially in the energy sector. This is another step towards finalizing the acquisition of CEZ Group companies in Bulgaria by the end of the first half of this year ", commented Vasil Stefanov, Head of Mergers and Acquisitions at Eurohold.

In March, Eurohold announced that it would increase its capital by issuing new shares on the Bulgarian Stock Exchange (BSE), through which it expects to raise up to EUR 100 million of its own funds. The subject of the public offering will be a little over 79 million new ordinary shares, each with a nominal and issue value - BGN 1 and BGN 2.50, respectively.

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