The loan has been arranged by the club of three banks including Československá obchodní banka a.s., ING Wholesale Banking and Intesa Sanpaolo S.p.A. The maturity of the credit is 1 year and the margin is 17bps above Euribor plus applicable arrangement fees. ING Bank N.V. acts as the broker. The loan is one of top five largest financings in the Czech Republic ever.
23. 1. 2008
CEZ Group was granted a loan for general financial demands including financing of MOL shares acquisition, MOL shares acquisition has been settled today
On January 15 CEZ Group concluded a credit contract for the amount of EUR 600 mil. (app. CZK 15.8 billion) for general financial demands including acquisition of 7% share in MOL company within the concluded strategic alliance between both companies. Yesterday, on January 22, the loan has been applied and today the transaction between ČEZ and MOL has been settled.