Press releases pg. 155
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.
27. 10. 2004
Jiri Borovec has been elected a member of the CEZ Board
Jiri Borovec has been elected a new member of the CEZ Board as from 22. 10. 2004 at today´s meeting of the Supervisory Board.
22. 10. 2004
CEZ Power Company has submitted a bid for Romanian distributional firms
CEZ Power Company has today submitted final price bids for two privatized Romanian distributional firms ? Moldova and Ostenia.
18. 10. 2004
The statement of CEZ Power Company about the recommendation of the Slovak Privatization Board concerning the privatization of Slovenske elektrarne
CEZ´s priority is to increase the firm´s value for shareholders, not only to expand abroad. We consider the expansion to be only one of the tools to reach our goal, but not the goal itself. We have always said, that we can accept only a price, which will increase the firm´s value, and that is the price CEZ offers when expanding. CEZ was also successful this way during the privatization of the Bulgarian distributional firms, historically biggest Czech foreign investment.