Bloomberg reported on Friday that the Bulgarian government expects to begin selling 67% stakes in each of its seven electricity distributors next month. The seven companies (which distribute 70% of Bulgaria's power supply) have been placed in three groupings, two consisting of two companies and one of three. CEZ has said that it would limit itself to bidding for one of the groups rather than all three. CEZ has also reiterated its interest in possible acquisitions in Hungary and in southern Poland.
Separately, CEZ CEO J. Mil said that a windstorm that recently damaged the grid operated by CEPS, the state-owned transmission-grid operator, which caused CEZ's largest lignite power plant to go offline, caused losses to the company of CZK 100 mil. (EUR 3 mil.), the local Euro weekly reports.
Also separately, the ministry of industry has reportedly decided to postpone CEZ's EGM, called last week by the National Property Fund, the local MFDnes newspaper reported on Saturday.