| ©ICIS HEREN - CEZ seeks control of Romanian distributor |
| 2010-04-06 |
| Czech power utility CEZ has started talks with minority shareholders at its Romanian distribution company Electrica Oltenia, a spokeswoman confirmed to ICIS Heren on Wednesday (8th July). But the company refused to provide any details on discussion. CEZ acquired a 51 percent stake in Electrica Oltenia in 2005. It has the right to buy out the minority stakes, as part of the privatisation deal. A 30% stake in Oltenia belongs to Romanian state-run investment fund Fondul Proprietatea, which also holds a stake in spun-off sales company CEZ Vanzare and a service unit CEZ Servicii. (THE ICIS HEREN REPORTS - EDEM 13 130 / 08 July 2009) |
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