According to HN dialy, state representatives have chosen Ceska sporitelna as its broker to sell its 7% stake in CEZ. The information is not offcial and as mentioned last week, official governement statement will be released only after finalization of the deal. Our view: We see this news as logical given also previous news that CEZ has appointed Patria and Wood & Co. as its brokers. We see the news as neutral and expect that the sale itself will start towards the end of May.