According to Bloomberg, The Czech Labor Ministry wants to gain 0.5% stake, 3.0m share in CEZ by exchanging it for share it owns in Prazska Energetika (PRE). The ministry plans to propose its plan to the government at regular meeting on August 13.
Ministry of Labor announced its plans to swap stake in PRE for CEZ already in May. The value of 0.5% stake at CEZ is CZK3.1bn. Due to the fact that the deal is only 0.5% of share outstanding and it is uncertain whether government approves the proposal we see the news as neutral.