Press releases pg. 12
ČEZ Approved Amended Settlement Agreement with the European Commission, and Commits Under the Agreement to Divest Either the Počerady or the Chvaletice Power Plant, or the Tisová and the Mělník 3 Power Plants Combined
The Board of Directors and the Supervisory Board of ČEZ have today approved an amended version of the Settlement Agreement with the European Commission, which represents a major step towards putting an end to the investigation conducted by the European Commission against ČEZ since 2009. Already in June 2012, ČEZ offered the EC to conclude the investigation in this manner; that is by committing to sell one of the following power plants: Počerady, Chvaletice, Dětmarovice, or Tisová together with Mělník 3. All of these are power plants for which ČEZ does not plan any major upgrades but rather foresees their gradual shut down as the facilities reach the end of their technical service life. The amended Agreement no longer mentions the Dětmarovice power plant. This Agreement will take force once it has been approved by the European Commission.
28. 2. 2013
ČEZ Commenced Round Two of Selling Its Dětmarovice Power Plant
ČEZ has invited bidders to participate in Round 2 of the selection procedure to sell its Dětmarovice black-coal power plant. The deadline for submitting offers is November 22.
15. 11. 2012
ČEZ Continues Negotiations on the Sale of Its Dětmarovice Power Plant With Three Bidders
ČEZ has received bids from four bidders in its tender for the Sale of the Dětmarovice Power Plant. After examining the formal details of each of the bids, ČEZ has had to exclude a bid submitted by Česká energie from the tender. The bid failed to meet the tender requirements which, among other things, required the bidders to have a certain size and creditworthiness. The bid concerned did not guarantee a successful completion of the sale, which is required to fulfill the settlement with the European Commission should ČEZ decide to consummate the settlement agreement specifically by divesting its Dětmarovice Power Plant. The tender thus continues with three bidders: BXR, Energetický a průmyslový holding, and Gascontrol.
9. 11. 2012
ČEZ Has Selected a Financial Advisor for Its Coal Power Plant Divestments
ČEZ has selected Deloitte Advisory, s.r.o. as its financial advisor to assist in divesting its coal power stations. Potential buyers can from now on contact Deloitte to obtain all relevant information. ČEZ has already held negotiations with companies that had expressed their interest, namely Czech Coal and EPH. Nevertheless, ČEZ is going to define a final set of sale conditions at one time for all potential buyers.