Wednesday, May 9, 2007

Bulgaria Cancels Talks on Sale of Bobov Dol Power Plant to Greece's PPC

(Bloomberg) -- Bulgaria canceled talks to sell the state-run Bobov Dol electricity plant to Public Power Corp., thwarting the Greek company's effort to make its first acquisition abroad.

``PPC has been informed on May 8 by the Bulgarian Privatization Authority of a decision to end the privatization of the Bobov Dol thermal plant,'' Athens-based Public Power, also known as PPC, said today in an e-mailed statement.


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