Reuters yesterday quoted CEZ CFO Petr Voboril as saying that CEZ will pay CZK 10 bil.–19 bil. for the state’s stakes in eight regional distributors, for which 60–70% would be paid this year, the rest next year. Should this prove to be the case (the valuation of the relevant companies should be completed at the end of April), the planned sector restructuring would remarkably boost CEZ share’s fundamental value. The stock is unlikely to react unless the information becomes official.
(Jiri Soustruznik)