CEZ selected advisers for sale of stakes in CEPS, PRE and SCE

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Investiční bankovnictví KB

      CEZ announced that it selected CA IB Corporate Finance and HVB Group to advise it on planned sale of 34% stake in CEPS, 34% stake in Prazska Energetika and majority stake in Severoceska Energetika. According to Antimonopoly Office’s decision CEZ has to sell its stakes in the first two companies until 1 September 2004, sale of stake in Severoceska Energetika has to be completed on 1 March 2005. Nevertheless, CEZ said earlier that it would like to change the Antimonopoly Office’s decision after the Czech Republic joins the EU to keep its stake in Severoceska Energetika.

       We consider the news neutral for CEZ. The company only fulfills decision of the Antimonopoly Office, which is generally known and therefore already priced in.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.