Senior State Prosecutor Lenka Bradacova said yesterday that the sale of Amun.Re solar company to CEZ will be thoroughly investigated. An Investigator said in private that there was huge pressure to drop the case. The police first got involved in Oct. 2011, when CEZ sent 417.7 mln. CZK to Amun.Re and refused to give its bank a reason for the transfer, citing business secrets. Of the money, 210 mln. CZK then went to Cheerlade Holding of Cyprus and was labeled as a dividend.
Gascontrol Power is offering CEZ 1.3 bln. CZK for Detmarovice power plant, including 300 mln. CZK for stored coal. /just FYI; Alhough the offer price represents about a half of a fair value of the plant in our view, Detmarovice plant has just negligible contribution to CEZ total output or operation cash-flow, up to 1%.