Linden Energy has agreed to acquire 50 percent of Overgas, the first independent Bulgarian gas trader, as well as the largest privately owned gas company in the country.
The shares were previously owned by Russia's Gazprom and were repurchased by Overgas in December 2020.
Linden said the agreement solidifies the company’s investment portfolio in Bulgaria and will support new growth in the region’s gas network development. Planned projects include exploring the possibility of building system interconnections in the region of the Western Balkans, and gasification of the urbanized territories in the Western Balkan countries.
“The Linden team is very excited to continue our work in Bulgaria and the Balkans, and I believe that Overgas is the perfect partner to expand from a leader in the Bulgarian gas market to a leader across the Balkan region,” said Stephen Payne, president of Linden Energy. “In addition to our investment, Linden will take an active role
