CEZ - German E.ON strengthened its position in three distributors

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Investiční bankovnictví KB

      German E.ON agreed with Austrian Energie AG on takeoever of its stakes in electricity distributors Jihoceska Energetika, Jihomoravska Energetika and Zapadoceska Energetika. The transaction has to be approved by the Antimonopoly Office.

       Czech electricity market will be dominated by two big players – CEZ and E.ON. Both companies will start negotiations on companies they jointly control. CEZ has to sell stakes in Jihoceska Energetika and Zapadoceska Energetika, the most likely to E.ON. There is also possibility of an asset swap between the companies.

      

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