A CEZ privatization committee member, J. Hojdar, said that one interested company in CEZ’s sale has indicated it would pay CZK 230 bil. for CEZ and six regional distributors, but that the bid is subject to certain (unspecified) conditions (Czech Press Agency). We believe that does not change the situation (Cabinet will the conditions), and new tender will be held after general elections in June.
Moreover, the Czech Press Agency (CTK) reports that Iberdrola said that it is not willing to pay the amount the Cabinet currently seeks for CEZ and distributors (CZK 200 bil.). Expected.
Separately, the Czech Press Agency reports that the Bavarian regional government has called for the closure of the Temelin nuclear plant due to “never-ending series of its defects.” No significant impact on Temelin or CEZ is expected, but CEZ stock seems to be somewhat sensitive to negative Temelin-related comments from Germany.
(Jiri Soustruznik)