MET Renewables seeks antitrust nod to acquire Enel Green Power Bulgaria

Bulgaria's competition regulator said on Tuesday that MET Renewables Holding, part of Switzerland-headquartered energy company MET Group, is seeking approval to acquire wind power company Enel Green Power Bulgaria.

Enel Green Power Bulgaria operates 14 wind turbines with a total capacity of 42 MW though 14 fully-owned subsidiaries, a notice published on the Commission for Protection of Competition's website reads.

Interested parties have until November 24 to submit their statements regarding the transaction.

The two wind parks operated by Enel Green Power Bulgaria, of 21 MW each, are located in Shabla and Kamen Bryag, on the Black Sea coast.

The transaction is part of MET’s growth strategy to develop a significant renewable portfolio in the region of Central and Eastern Europe (CEE), MET Group said in a statement last month.

Enel Green Power Bulgaria is 100%-owned by Italy's Enel Green Power, which in turn is part of Italy's Enel Group.

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