iPoint (iPoint.cz)
Czech markets  |  January 21, 2013 16:22:09

ČEZ lost Albanian license: Impact on share with analysts



iPoint.czAlbanian Regulatory Authority today decided to withdraw the license of ČEZ Shpërndarje. According to CEZ Group's practice is inconsistent with local law and against its decision, a formal protest. At the same time take the first steps to initiate international arbitration. "Albanian regulator together with the decision to withdraw the license designated administrator who has supervised take over management of the company, including all decision-making powers and responsibility for running the company, and who is therefore transferred rights statutory bodies CEZ Shpërndarje. The current owner, ie CEZ Group, the shareholder loses all rights and does not have any way to control this de facto expropriation defend.ČEZ with this procedure, when the operation of the company arbitrarily decided only by the regulatory authority, strongly disagrees and considers it to be incompatible not only with any European standards, but also the Albanian laws. Immediately therefore bring an action and inform the Albanian Government of its intention to commence arbitration, "the press release of CEZ. What will be the impact of this step on CEZ shares?

Impact on the loss of the Albanian license CEZ, with analysts at iPoint

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ČEZ přišel o albánskou licenci: Dopad na akcii s analytiky

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