CEO of CEZ Martin Roman stated in interview for daily HN CEZ has very low leverage and it can reach cheap loans. Roman said that the available financial sources for acquisitions are significantly higher that the previously stated EUR 3bn, however the problem is in a lack of projects, which could be suitable for CEZ. CEZ plans to invest CZK 100bn into capacity replacements while nuclear power will be pillar of CEZ’s future. Roman’s comments do not give any new information and we regard the news as neutral.