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CEZ Hungary News CEZ Group CEZ has submitted an improved bid for Romanian distribution company Electrica Muntenia Sud

2006. 5. 9.

CEZ has submitted an improved bid for Romanian distribution company Electrica Muntenia Sud

CEZ Power Company, has today sent, within a privatization tender, an improved offer for a 67.5 % share in the Romanian distribution company Electrica Muntenia Sud S.A.

Electrica Muntenia Sud services over a million customers in the area of the capital city Bucharest and in the neighbouring regions of Giurgiu and Ilfov, and sells more than 4.5 TWh of electricity in a year. Electrica Muntenia Sud neighbours directly on the distribution company Electrica Oltenia, which has been a member of CEZ Group since last year.CEZ Power Company entered into the privatization tender for the majority share in Electrica Muntenia Sud in the middle of September last year, and at the beginning of October it was accepted together with other nine interested parties. At the beginning of this March CEZ was included in the short list of parties interested, who were asked to submit improved bids.

By the acquisitions in Bulgaria and Romania up to now, CEZ has almost doubled the number of its end customers to the total 6.8 million and came up to the eighth place among the European power companies by this criterion.CEZ Group has managed to succeed also in the area of electricity production. Last week CEZ signed a privatization agreement about a purchase of the Bulgarian power plant in Varna. At the beginning of this year the company concluded contracts about acquisition of shares in two power plants, Skawina and Elcho, in the south of Poland.

Eva Novakova, Press Officer, CEZ, a.s.