ČEZ - NPF supports reduction of government’s stake

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Investiční bankovnictví KB

      Pavel Kuta, vice-chairman of the NPF sand that it supports the Finance Ministry’s plan to reduce government’s stake in CEZ by as much as 16%. The proposal is opposed by the Industrial Ministry, which suggests privatization of CEZ after 2006. According to Kuta, the decision should be made by the end of July in order to complete the transaction this year.

       The news did not bring any new information except the schedule. In our opinion, the transaction would be successful and any share price correction would be interesting buying opportunity. Therefore, this method of sale, frequently used by Hungarian government, only depends on political consensus.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.