BHS (BH Securities a.s.)
Czech markets  |  November 21, 2012 08:37:53

ČEZ started the process a warranty claim World Bank

CEZ Group announced that it has raised a claim against Albania for damages that is covered by a guarantee of the World Bank. It began as a 60-day period within which the warring parties can agree on. If not, can the mentioned guarantee of up to EUR 60 million to begin to apply.

The Company considers the situation in Albania excesses. Repeated mentions unpredictable actions Albania, the most recent considers to be unlawful (eg retention of employees). CEZ confirmed that local Energy Regulatory Office on Tuesday officially informed the company of the initiation of the withdrawal of the license, which in turn may lead to suspension of the license Shperndarje local CEZ.


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