CEZ – company showed preliminary interest in privatization of Romanian distributors

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Investiční bankovnictví KB

      The company showed preliminary interest in privatization of two Romanian distributors Electrica Olternia and Electrica Moldova. The other investors interested in the privatization include AES Corp., E.ON, Union Fenosa International and Public Power Corporation. Romanian government is selling 24.6% stakes and the investor would have to raise its stake to 51% by increasing the company’s share capital. Short-list from the investors should be made by the end of June.

       CEZ plans to invest its free cash-flow into acquisitions to support its organic growth. The company currently takes part in privatization in Slovakia (generation) and Bulgaria (distribution). Participation in privatization in Romania would depend on the company’s success in the current privatization processes.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.