ECONOMY

Sofia picks EVN to buy Plovdiv plant

SOFIA (Reuters) – Bulgaria has picked Austrian utility EVN to buy a heating plant after the company offered the highest bid of 32 million euros ($40.12 million) in a tender, the privatization agency said yesterday. EVN outbid France’s Dalkia International, a unit of Veolia Environnement, which offered 25 million euros for the 214-megawatt plant in Bulgaria’s second-largest city of Plovdiv. «The privatization agency has selected EVN AG as the candidate winning the tender for the sale of a 100 percent stake in the Plovdiv heating plant,» it said in a statement. The sell-off agency said the deal should be finalized by December 17, pending approval of its supervisory board. The Plovdiv heating utility has registered capital of 25.9 million levs ($16.61 million). It serves 64,000 households and businesses and posted sales of 33.8 million levs last year. EVN has owned majority stakes in the power distributors in Plovdiv and Stara Zagora since 2004.