CEZ and E.ON of Germany have agreed to swap minority stakes in several regional power distributors. CEZ will acquire E.ON's 34.4% and 41.7% stakes in ZCE and VCE, respectively, and E.ON will acquire CEZ's 35.2% and 34.0% stakes in JME and JCE, respectively (CEZ must dispose of the stakes due to an antitrust ruling).
The swap should enable CEZ to effectively implement its strategy in ZCE and VCE, where it recently acquired narrow majority stakes.
Slightly positive, but unlikely to have a significant impact upon the stock.
Separately, as noted above, CEZ stock trades ex-dividend today.
Jan Hájek