According to Reuters, the cabinet approved on Monday a plan to sell a 7% stake in CEZ. It is going to be sold on the stock market. According to Minister of trade and industry Martin Riman, it is unlikely that the 7% stake would go to one buyer.
As we have expected the state will sell 7% stake in CEZ which equal to CZK 36.5bn at current market price. At general meeting on April 23rd CEZ will discuses the possibilities of simultaneous share buy-back when the government sells the stake in order to prevent the market from being flooded. We see the news as neutral since the 7% sale was expected. We will wait for further details of the sale.