Five companies have purchased the set of documents for participation in the 100% denationalisation of the district heating company in Sliven, the Bulgarian Privatisation Agency said Thursday. Mina Cherno More-Burgas, CEZ of the Czech Republic, Overgas Inc., Finance Engineering and Matrix Trade can field queries about the sell-off procedure before October 9.
After that deadline, the sell-off agency will certify the candidates that fulfil the prequalification criteria, enabling them to buy the information memorandum of the company.
The bid submission deadline is November 27. Eligible candidates are companies with sales of at least 600,000MWh of electricity and 300,000MWh of heating power over the past 3 fiscal years. The candidates must certify revenues of at least BGN 45 mln for the past 3 years and along-term credit rating of BB+ from Standard&Poor's, Ba1 from Moody's Investor Service and BB+ from Fitch ratings.
The procedure for the Sliven utility is the only one that is open to coal suppliers. They are required to certify the production of at least 0.27 mln tons for the past 3 years.
Source: Dnevnik.a.m.