Government allowed IBEX ownership transfer – Bulgaria, 9 August 2017

The Bulgarian Council of Ministers allowed the transfer of 100 % of the shares if Independent Bulgarian Electricity Exchange (IBEX) from Bulgarian Energy Holding (BEH) to Bulgarian Stock Exchange. The sale of shares will be performed through direct negotiations for the assets with a starting price defined by valuators.
According to the commitment undertaken by BEH, it has to separate IBEX from its assets and to transfer it to the Ministry of Finance. In order for the transfer of shares to take place, the European Commission has given a permission for a deadline extension from 31 July to 31 October this year.

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