| ©ICIS HEREN - Romanian state to quit CEZ units |
| 2010-04-06 |
| Romanian government-controlled investment fund Fondul Proprietatea has agreed to sell its minority stakes in two companies owned by Czech utility CEZ – 30% in distribution company CEZ Distributie, and 30% in sales arm CEZ Vanzare – to the energy company for �230m, a spokeswoman for the fund confirmed to ICIS Heren on Tuesday (8th September). Fondul Proprietatea also holds 12% in the service division CEZ Servicii, but that stake is not for sale. The spokeswoman added that the deal was expected to be signed within one month following the fulfilment of legal conditions. The Czech utility declined to comment until the transactions were finalised. (THE ICIS HEREN REPORTS - EDEM 13 173 / 8 September 2009) |
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