German company E.ON has decided to shed its Bulgarian power utility E.ON Bulgaria due to an overregulated market and political attacks by senior government officials, according to Bulgarian comentators.
Saturday it was announced that E.ON Bulgaria is being sold to Czeck Energo Pro for EUR 133 M.
The decision to sell E.ON Bulgaria, which was announced earlier, most probably stems in part from the heavy regulation on the sector in the country, as well as criticisms to power utilities on the part of Bulgarian PM Boyko Borisov, writes Dnevnik.bg.