According to the CEZ CEO, Martin Roman, CEZ will not be able to buy back 10% of its shares from the government this year because the government will not allow the sale as it is tied to pension reform. Note that earlier there were speculations that the company may buy the state’s 10% of the company to help it to finance its budget deficit. The CEZ GM approved a share buy-back of 10% of its shares earlier this year. The state holds a 68% stake in CEZ.
Separately, CEZ submitted bids for three coal-fired power plants in Bulgaria and two in Poland