CEZ – Romanian goverment would launch privatization of two distributors

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Investiční bankovnictví KB

      Romanian government asked the investors to submit preliminary interest in privatization of two distribution companies Electrica Moldova and Electrica Oltenia by 31 May. The investors could submit a bid for one or both companies. The investors would buy 24.6% stake in the company, which would be raised to 51% by share capital increase. Selected investors would proceed to another privatization round after meeting the privatization criteria (equal number of clients and triple assets as the privatized companies). Unbinding bids would have to be submitted by 30 June.

       CEZ has already announced an interest in privatization in Romania. According to our calculation, CEZ meets the privatization criteria. Possible acquisition of distributors is in our opinion right strategic decision.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.