Eastern European Electric company made an offer to acquire remaining 33% stake in CEZ Distribution Bulgaria AD (BUL:CEZD) for approximately BGN 180 million on August 4, 2021. Under the terms Eastern European Electric company will acquire approximately 636,000 shares for BGN 276.88 per share. As on September 30, 2021, Eastern European Electric company has submitted a corrected offer for 636,240 shares for BGN 291 per share, resulting in total of BGN 185 million. As a result of the transaction of the transaction, stake of Eastern European Electric company in CEZ Distribution Bulgaria AD shall increase from 67% to 100%. In a related transaction, Eastern European Electric company also made a tender offer to acquire the remaining 33% stake in CEZ Electro Bulgaria AD for BGN 43 million on August 4, 2021. The Financial Supervision Commission has not yet expressed its opinion on the public tender offers. As on August 30, The Financial Supervision Commission said it temporarily banned the publishing of Eastern European Electric Company B.V.'s buyout bid. As of October 12, 2021, the transaction has been approved by the financial regulator. The transaction is expected to complete by the end of November 2021. As of November 15, 2021, Eastern European Electric has acquired 0.5 million shares which comes out to be 88.2% stake in CEZ Distribution Bulgaria AD till now.

Eastern European Electric company completed the acquisition of CEZ Distribution Bulgaria AD (BUL:CEZD) on September 7, 2021.