At a press conference to CEZ’s dual listing in Warsaw, the company’s CEO, Martin Roman, said that among other targets in the South&Eastern Europe, the company should be able to complete an acquisition in Ukraine or Russia. CEZ has been negotiating a purchase of eight Ukrainian distribution companies from VSE Energy and to invest in a gas fired power plant in the Moscow area.
Our view:
CEZ’s plans for further expansion into the South Eastern Europe and Ukraine/Russia is well known and should not have any impact on the stock.