Press releases pg. 167
Dvur Kralove heating plant is not going to be sold yet
Even in the second round of a tender, the CEZ Power Company did not choose a new owner of Dvur Kralova heating plant. The tender was cancelled because all the offers were too low to be accepted.
25. 4. 2003
International economic results of the CEZ Group in 2002
According to the International Financial Reporting Standards (IFRS), CEZ Power Company Group generated a net profit of 8.4 billion CZK in 2002 and 9.1 billion CZK in 2001.
23. 4. 2003
CEZ a.s. Amendment and Extension of 88,000,000 Guarantee Facility Agreement in favour of European Investment Bank.
CEZ a.s. and Sumitomo Mitsui Banking Corporation Europe Limited ("SMBCE") together with a syndicate of leading International Banks, signed on 8th April 2003, a ?88,000,000 guarantee facility in favour of the European Investment Bank ("EIB").
9. 4. 2003
A change in the organisational structure of the Czech power industry, modelled according to western utilities, has brought forth better rating from Standard and Poor´s agency for CEZ
On April 2, 2003, the international rating agency Standard and Poor´s changed its long-term rating outlook of CEZ company, promoting it from stable to positive, as a result of the completed transaction process of integrating the (state owned) equities in regional distribution companies into the CEZ Group. The rating agency thus confirmed the suitability of this transaction. Standard and Poor´s agency also confirmed the BBB+ rating of CEZ company.