CEZ stated in the press release that received the final agreement from Warsaw Stock Exchange and will start trading its shares in WSE on Wednesday, October 25. Please note that the company is already active in Poland, CEZ deals with the electricity and acquired two power plans earlier this year.
Our view:
Despite the plan for dual listing in Warsaw has been know, the Polish market is strategic for CEZ and the listing should allow Polish institutional investors to buy CEZ’s shares without any limits relating to ownership of foreign companies (pension funds) and hence it may support the share price. CEZ’s Bloomberg ticker on WSE is CEZ PW.