CEZ, together with five other bidders (Electrabel, Enel, PCC, Endessa and Iberdrola), was selected for another round in the tender for Dolna Odra, a group of power plants. At the moment the size of the state’s stake being sold is not clear - nevertheless investors should bid for at least a 10% stake. While we view the fact that CEZ was selected for further talks as positive, given the lack of further information regarding the privatized stake, the price etc., it is not possible to determine the further implications for the company.