The Financial Supervision Commission (FSC) approved poultry producer Gradus’ IPO prospectus, the FSC announced in a filing. The IPO is expected in mid-June. The Company seeks to raise more than BGN 100 million by placing a total of 55.6 million shares, 50% of which existing and 50% new shares.
CEZ Group postpones the Bulgarian assets sale decision for the end of Feb’18, according to local media reports quoted by Capital newspaper. CEZ has been exploring to sell its Bulgarian assets, which include leading grid operator CEZ Distribution Bulgaria, trader CEZ Electro, CEZ Trade and renewables in Bulgaria, since the start of 2016.