According to CIA news agency, some minority shareholders don’t agree with outcome of RiTE Gacko AGM where they discussed investment for Gacko project. Some of the minority shareholders want to cancel the contract of cooperation with CEZ. The issue is going to be discussed at RiTE Gacko general meeting on 19 October. Spokesperson of CEZ Novakova said that the dispute will be resolved.
Our view:
We see the news as neutral as we don’t expect any complication with reconstruction of current power plant Gacko I. and building new power plant Gacko II.