Minister of Finance Miroslav Kalousek commented for HN daily selling stake in CEZ and his task to sell 7% stake, but may happen this to change any time. He would publicly inform about any changes immediately.
We see news regarding government sale as slightly negative as Mr. Kalousek only reiterated that no change in selling 7% stake has occurred for the moment. Government so far sold 1.19% stake or 7,047,309 shares, which resulted in decreasing its stake in CEZ from 67.61% to 66.42%. CEZ so far acquired 7.13% of own shares since the share buyback started, which together with 0.6% shares already owned before allows CEZ to acquire additional 2.27%, which suggest that share buyback will continue some 45 additional trading days, based on daily average number of acquired shares.