The privatisation agency announced the French bidder Dalkia International as winner in the full stake tender for the heating utility in the country's third largest city of Varna . Dalkia has filed the highest price offer of EUR 6.78mn, followed by UK 's Ener-G with EUR 6.2mn, and the Czech Electricity Company (CEZ) with EUR 4.56mn. The final sale contract should be signed in 60 days. It should also get the approval of the supervisory board of the privatisation agency. The gas-powered heating utility in Varna services around 13,000 households and 400 institutional customers. It has a pipeline network of 32 kilometres and two co-generation units with heat production capacity of 2.4MW and electricity production capacity of 2.18MW each. Last year, the company has generated total revenues of BGN 7.4mn (EUR 3.8mn) and a net profit of BGN 0.5mn.