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CEZ Power Company has terminated the tender for the sale of a 34 % share in CEPS

4. 8. 2004

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CEZ Power Company has terminated the tender for the sale of a 34 % share in CEPS

The management of CEZ Power Company has received a report from CA IB Corporate Finance, a. s., the organization and control advisor for the tender for the sale of a 34 % share in CEPS (transmission system operator), which states that no prospective buyer has entered into the tender.

CEZ will now enter into negotiations with the Ministry of Finance of the Czech Republic in order to carry out the sale in accordance with the government resolution from July 28, 2004. Under the UOHS resolution dated March 18, 2003, CEZ is obliged to sell its share in CEPS.

Ladislav Kriz, Press Officer, CEZ, a.s.