Research (Česká spořitelna)
Czech markets  |  June 21, 2011 09:30:03

More news to exchange assets between CEZ and EPH

Source of PDC confirmed that CEZ backs of the agreement on power Chvaletice exchange for a stake in ET, EAV. CEZ instead PDC offers the sale of the remaining 50% stake in mines Mibrag. The reason for the retreat of the FRG's political pressure to CEZ invested at home and not for example, to € 1.5 billion power plant in MIBRAG. CEZ reportedly closed and kept Chvaletice coal PDC originally offered as part of the contract (HN, LN).

It seems like an unfortunate political pressure on the CEZ. The project directly at the power plant down Mibrag is currently interesting as coal, which was intended to be sold along with Chvaletice power plant is not so interesting. Although it is still an unofficial speculation, we see a report for CEZ slightly negative.

Peter Bártek

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