Press releases pg. 151
The Bulgarian government has approved a sale of three distributional companies to CEZ Power Company today
The Bulgarian government has approved a privatization draft agreement for a sale of 67 per cent of shares in distributional companies in the Sophia and Pleven areas and in the city of Sophia. Under the Bulgarian government decision the agreements must be signed by both sides within ten days.
12. 11. 2004
The operating revenues of CEZ have increased by 2 billion CZK and have reached 8.4 billion CZK.
The operating revenues of CEZ Power Company increased by 32.2 per cent to 8.4 billion CZK in the first three quarters of this year. The electricity sale incomes increased by 6.6 billion CZK (by 17.6%) and reached 44.2 billion CZK. The economic results of last year were influenced by the single and unrepeatable income from the sale of 66 % share in CEPS, which has been only partly offset by this year´s sales of 34 % shares in CEPS and Prazska energetika. As a result the net profit has decreased by 27.3 % to 9.9 billion CZK compared to last year. If we excluded this influence, the net profit would be higher than last year.
1. 11. 2004
Stock transfer of SME and SCE regional distributional companies between power companies E.ON and CEZ completed
Pursuant to the option contract about the sale of the remaining minor shares in the regional power companies SME a SCE owned by the E. ON Group, which was signed by CEZ and E.ON in July last year, the stocks were actually transferred and finance settled between both companies on 27 October, 2004.