Following the approval by the European Commission, the Bulgarian Stock Exchange (BSA) has acquired 100 % of the capital of the Independent Bulgarian Energy Exchange (IBEX).
IBEX, which was previously owned by Bulgarian Energy Holding (BEH) was sold for 2.6 million euros, of which 2 million euros was paid immediately, while the rest will be paid in three equal installments. BSE CEO Vassil Golemanski said on the occasion that this is an important event that will have a positive impact on electricity trading in Bulgaria by ensuring greater transparency and speeding up liberalization of the electricity market.
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Tags: acquisition, BSA, Bulgaria, electricity, electricity exchange, IBEX