Bulgaria talks power IPOs but hurdles remain
Bankers are sceptical that the Bulgarian Privatisation Agency can realise its hopes to sell stakes in the local distribution units of Austria's EVN, Germany's E.ON and the Czech Republic’s CEZ in the coming months.
The sales, each of 33% of the local business unit of the international firms, have long been mooted and were originally slated to be completed in 2011, although it had been assumed that the timetable had slipped.
However, there were suggestions this week that EVN and E.ONs units in
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