CEZ will make an obligatory buy-out offer to shareholders in two of five recently acquired majority-held distributors at the end of May, the Prague daily Hospodarske noviny reports today. The buy-out price in each case is expected to be close to the original acquisition price (in the two cases, CZK 1,979 per share, and CZK 6,182 per share); thus, CEZ would pay a maximum total amount of approx. CZK 7.5 bil., we estimate.
Expected.
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