Electrohold ready to expand in Bulgaria’s neighboring countries
Part of the largest electronic public holding in the country – Eurohold, plans to expand its energy business. This became clear during the presentation of the new visual and corporate identity of the company, which acquired CEZ.
“We will look for opportunities for expansion in neighboring countries in Bulgaria. It’s not about becoming a leader in Central and Eastern Europe and in this sector. “ said Asen Hristov, Chairman of the Supervisory Board of Eurohold.
Eurohold aims for synergies between protection and its energy business.
“This will provide many benefits and services to consumers. Apart from electricity, customers will not be able to use the valuable offers for security and other financial services, “ Kiril Boshov, Chairman of the Management Board of Eurohold, spoke. Initially, this model will be applied in Bulgaria, and later in other countries where the holding operates.
Electrohold Bulgaria
manages the activities of the seven companies that Eurohold acquires from the Czech Republic has an energy company CEZ Group over the years, through its subsidiary Eastern European Electric Company BV The group serves nearly 3 million customers and includes leading companies in the distribution, collection and trade of electricity in Bulgaria .
The new brand identity
recreates the values of the companies in the group – professionalism, responsibility, efficiency, stability, trust and innovation. The new visual identity includes new names, logos, websites and an updated corporate design.
“We decided to rely on the evolutionary development of our brand. The logo and design assesses acceptability with the previous identity of the company, which has always been a stable and reliable partner. During this time you confirm our new affiliation – we are part of the leading group in Central and Central Southeast Europe, which continues to expand its activities in the region. With the new brand he has chosen his position as a leader in the Bulgarian market, “ candidate Karel Kral, Chief Executive Officer of the Electrohold Group in Bulgaria.
After nearly 4 years of attempts, Inercom Bulgaria abandoned CEZ
The CPC terminates the initiated proceedings to resolve the concentration
The largest supplier of electricity for household consumers and small and medium enterprises in the country is called Electrohold Sales AD, the largest trader and supplier of large industrial customers is Electrohold Trade EAD. The operator of the electricity distribution network in Western Bulgaria – the largest in the country with a total length of over 58,000 km, is now called Electricity Distribution Networks Zapad AD (ERM Zapad AD). The names are entered in the Commercial Register.
The process of rebranding the shopping centers and other sites of the company will be completed in a few months.
“Apart from acceptability, the choice and combination of colors are also dictated by the development and transformation processes of our company,” Desislava Borislavova, Head of the Public Relations and Communications Department of Electrohold Bulgaria.
The CPC has resumed proceedings for the purchase of CEZ’s assets from Inercom, here is what follows
After the SAC returned the file to the commission for a new ruling
The priority of the electronic holding will be increased in the quality of services and the improvement of customer service. At the moment, over 80% of the services of Electrohold Sales and over 90% of those of ERM West have been digitized. More than half a million customers use e-invoicing, and more than 200,000 are registered for sms services. The new corporate sites are also tailored to the need for digital services.
“From a strong interest in the services and the use of all customers have the opportunity to use electronic means of them. Save time, effort and money.”comment Karel Kral.
The other focus will be on investments in the digitalisation and modernization of ERM West’s network and services. From the beginning of 2021 to the end of 2023, nearly BGN 300 million will be invested in this department.
Eurohold has increased its stake in CEZ Distribution and CEZ Electro
The holding will send a tender offer for the remaining shares and plans to separate the two companies from the stock exchange.
“We are preparing the new generation power supply network and we are temporarily working hard to ensure the basic and commitment – maintenance of the largest network in a constant sequence of supply. This is a privilege, but also a great responsibility. Committed to the efforts of over 3,000 employees, “ sold by Karel Kral.
The projects that are currently being finalized include real-time network monitoring and management technologies, constant monitoring of the necessary and optimal use of the team. Drones are being introduced and artificial intelligence is being used, which is an important prerequisite for the development of the economy of the future.
Electrohold is the new name of CEZ in Bulgaria
The electricity distribution network operator will be called Electricity Distribution Networks West
The new identity of the Electrohold brand is another step in Eurohold’s strategy. In the coming years, the holding will focus on developing its security and energy business. The insurance subholdings of the group – Euroins Insurance Group AD (EIG), operates in 13 countries in Central and Eastern Europe, where they serve 4 million. customers. In Bulgaria and Romania, EIG is among the market leaders. The interesting business priority will be organic growth, diversification of the product portfolio and increasing profitability.
The CPC has authorized Eurohold to acquire CEZ’s business in Bulgaria
The deal passed the regulator’s approval