Press releases pg. 134
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.
31. 1. 2006
Market capitalization of CEZ has exceeded 20bn USD
Market capitalization of CEZ has got over 20bn USD in these days, which was supported, together with increasing stock quotation on the stock exchange, by stronger exchange rate of the Czech crown. As a result, the trend of reinforcing position of CEZ as the largest Central-European firms (including Austria) according to market capitalization continues. According to its market capitalization, CEZ has caught up on such world firms as Sharp, Veolia or Volvo.Total market capitalization of the company for all share-holders has risen by 373.2bn CZK to present 475.6bn CZK under the current management.