According to Thomson (12 EUR, -1,16%) Financial, CEZ is looking for acquisition of coal miners. CEZ tried to bid for coal group Katowicki Holding Weglowy but it failed in 2005. Our view: CEZ mentioned in the past that is open to acquisition of coal miners. CEZ production of coal in Czech Republic is around 22.8 m tons per year ( Bilina mine-9.2m tons, Tusimice mine-13.6m tons). As we don’t have any information about potential acquisition of coal miners we see the news as neutral.