Press releases pg. 153
Possibility of Selling CEZ Shares to the CEZ Company
The energy company CEZ is aware that the government is considering several options of selling a part of the CEZ shares. The decision is fully within its competence, as well as the decision on utilisation of the funds acquired. CEZ only informs the government and the Ministry of Industry and Trade about the possibilities and implications of separate steps.
14. 1. 2005
CEZ is going to offer a purchase of Skoda Praha´s shares
The Power Company is going to offer the purchase of the shares to minority stockholders of Skoda Praha. The concrete offer will probably be released by the end of January 2005.
15. 12. 2004
CEZ obtained trasmission capacities for electricity export
CEZ obtained necessary transmission capacities for electricity export to Germany and Poland for next year. CEZ obtained the capacities in a tripartite auction organized by CEPS, a transmission system operator.
10. 12. 2004
Settlement agreement with Dalkia France
On December 7, 2004, a settlement agreement between CEZ Power Company and Dalkia France (and Dalkia International) was signed. At the same time, a mutual agreement of termination of arbitration, which had been filed at the International Chamber of Commerce in Paris after an appeal of Dalkia France, was concluded. Dalkia France assessed the losses resulting from non-performance of the business plan of the joint-venture with CEZ at 25 million USD. The agreement about this business plan was concluded in December 1999.