Research (J&T BANKA)
Czech markets  |  April 12, 2013 08:51:46

CEZ: Internal investigations revealed errors in Bulgaria, suppliers, customers were not harmed

Internal investigations revealed CEZ Bulgaria errors suppliers regarding deduction of electricity and electricity exchanges. Customers were not harmed by CEZ. CEZ Bulgaria is facing a possible suspension of the license to distribute electricity. The company investigates the Energy Regulatory Office, prosecutors and the antitrust authority. Only the Energy Regulator may revoke the license of CEZ and it should publish the results or at least additional information about the entire process possible revocation of licenses on Tuesday 16 April. Continue to maintain that CEZ's license remains. However, one can expect a fine portrait unfortunately we can not predict. We also consider that the situation is already included in the price of shares.

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