TNBiz (TNBiz)
Czech markets  |  October 01, 2010 15:05:10

CEZ Distribution has merged with CEZ Distribution Equipment


Mediafax

PRAGUE (MEDIAFAX) - CEZ Distribution is the first in October with the merged company CEZ Distribution equipment, mergers were transferred assets of the acquired companies, including the rights and duties from labor relations to the acquiring company CEZ Distribution. On Friday, having informed the group CEZ.

"Friday's merger project culminated in consolidation of distribution assets, which was aimed at, inter alia, to identify sub-parts distribution system used to distribute electricity, but not owned distributor of such electric lines or stations of different voltage levels.This situation represented a long-term risks of limited access to facilities, ignorance of his actual technical condition, possible non-compliance with legal standards and in some cases, increase costs, "said a spokeswoman for the group CEZ northern Bohemia Sonia Holingerová.

In the first stage because the property CEZ first integrated into a separate, dedicated for this purpose subsidiary of CEZ Distribution equipment, which emerged at the beginning of last July. On Friday, the entire process is completed the merger of these two companies, the sole shareholder of that company remains the company CEZ.

CEZ Distribution Company based in Decin is licensed to distribute electricity distribution system operator in the region, Pilsen, Karlovy Vary, Usti, Central Bohemia, Liberec, Hradec Kralove,Pardubice, Olomouc, Moravia and Zlín regions in partially and Highland. The main mission of the distribution of electricity to natural and legal persons and continuous improvement of quality and reliability of supply to all customers.

Filip Sušanka, susanka@mediafax.cz

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