According to HN daily, there are three ways how to sell 7% state stake in CEZ. The first is gradual sale in line with the EU regulations, when not more than 25% of average daily volume will be sold. Second possiblity is via book-building process and the third one is a block trade. CEZ will held AGM on 23 April where it should also decide the maximum price and time frame of share buy-back. HN daily speculates that the maximum price could be up to CZK
We think that the first choice is the most probable, when CEZ would be buying up to 25% of the average daily volume. Thus the share buy-back process would be a longer process.