Coalition party asked the cabinet to consider selling CEZ to cover flood damages

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Investiční bankovnictví KB

      CEZ sold a 15% stake in CEPS to Ministry of Social Affairs for CZK 3.5bn. This transaction is part of the transformation program of the Czech electricity sector as approved by the government. The transaction has to be approved by the Antimonopoly Office.

      

       US-DEU officially asked the cabinet to address privatization of CEZ, which proceeds would be used to cover the flood-related expenses. We believe that there is not a right time for privatization of the company. CEZ is currently undergoing transformation process and Temelin nuclear power station is not fully operational. Moreover, there is a risk that the government could be forces to sell CEZ bellow fair value.

      

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.