RWE of Germany reportedly sold its 35% stake in STE, a Czech regional power distributor, to CEZ in the current mandatory buyout offer that was called after CEZ had bought a narrow majority stake in the distributor from the state (the per-share buyout price was close to the price for which CEZ acquired the majority stake). CEZ will thus hold approximately 93% in STE.
This should enable CEZ to effectively implement its strategy in the distributor; the news is unlikely to have a significant impact upon CEZ stock, though. Source: the Czech Press Agency.
Jan Hajek