Press releases pg. 29
Czech Power company CEZ, Turkish company Akenerji and its parent company Akkök will create a consortium
The consortium intends to bid for the Turkish Electricity Distribution Privatization Tender which includes two distribution companies - Sedas and Bedas. A submission of the binding bids is scheduled to take place on 10th June, 2008.
4. 6. 2008
CEZ Group reached profit of 42.8bn CZK last year
Investments into property (excluding acquisitions) amounted to 30.7bn CZK.
CEZ Power Group reached a net profit of 42.8bn CZK in 2007, which was 49 per cent up on the previous year. The growth was given by higher production, a rise in wholesale prices, operating cost savings and the results of CEZ Group´s activities abroad. The growth was also markedly affected by extraordinary influences, like an impact of the tax reform in the amount of over 3 billion CZK, which reflected the influence of lower tax rates for deferred tax calculation and a change in the estimate of non-invoiced electricity. The contribution of foreign activities to the operating profit was 6bn CZK, which was 27 % more than in the previous year.
25. 2. 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.