Austrian startup Enery Development seeks anti-trust nod to buy two Bulgarian cos

Austria-based Enery Development, founded in 2019, is seeking anti-trust approval to acquire 100% of Bulgarian companies ACWA Power CF Karad PV Park and Nomac Bulgaria, Bulgaria's Commission for Protection of Competition (CPC) said on Wednesday.

The deal is expected to affect the Bulgarian electricity trading market, the CPC said in a notice.

Sofia-based ACWA Power CF Karad PV Park, owned by Malta-registered ACF Renewable Energy Ltd., is active in the production and delivery of electricity through the exploitation of photovoltaic installations.

Nomac Bulgaria, a subsidiary of Saudi producer of electricity and desalinated water NOMAC, operates a 60.4 MWp solar park in the Bulgarian village of Karadzhalovo, in the south of the country, CPC said.

The end owner of both Bulgarian companies is Saudi-based ACWA Power, a developer, investor and operator of power generation and desalinated water plants, according to the most recent financial statement published by ACWA Power CF Karad PV Park.

Interested parties have until January 15 to submit their statements regarding the transaction, according to the notice.

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