Press releases pg. 25
Today CEZ Group has opened officially sales agency in Slovakia
CEZ Group has today officially opened its sales agency in Bratislava to support its activities in Slovakia. The Slovak agency will extend the trade network of CEZ Group, which, next to the Czech Republic and Slovakia, covers also Germany, Poland, Bulgaria and Romania. In the close future CEZ Group is going to open its sales agencies in Hungary and Austria as well.
8. 2. 2006
CEZ Power Company paid another 15.5m EUR for Electrica Oltenia to the Romanian government
The economic health of CEZ Group's Electrica Oltenia is much better according to the post-acquisition audit. Net assets have increased by 107m RON (ca 29m EUR) after the economic audit for 2004 and the first nine months of 2005. Therefore CEZ is going to pay 15.5m EUR more for Electrica Oltenia, which represent a 51 % increase in net assets and correspond to the majority share of CEZ in Oltenia.
2. 2. 2006
CEZ has submitted a binding offer for Romanian distribution company Electrica Muntenia Sud
CEZ Power Company has today submitted, within a privatization tender, an official binding offer for a 67.5 % share in the Romanian distribution company Electrica Muntenia Sud S.A.
31. 1. 2006
CEZ has signed agreements to acquire the majority stakes in two Polish power plants Elcho and Skawina.
Today in Amsterdam, representatives of CEZ Power Company and PSEG Global have signed agreements about the purchase of all shares in PSEG Distribution BV and PSEG Silesia BV, the majority shareholders in Polish power generation companies Elektrownia Skawina S.A. and Elektrocieplownia Elcho Sp. z o. o. CEZ has definitely succeeded in both tenders for selling these companies by this act.