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CEZ Hungary News CEZ Group Press information

2004. 3. 25.

Press information

Power company CEZ´s comments on yesterday introduced notion of minister Urban about common course of action of MUS and CEZ in the SeveroÄŤeskĂ© doly (North-Bohemian Mines) privatization.

CEZ´s long-standing interest in a measure of control over the most important input raw material for electricity generation, which means over brown coal supplies, is best proven by the present approximately 37%  share of CEZ in Severoceske doly. CEZ has also shown its interest by entering the tender for the offered majority stock packet of SD, in which CEZ could not continue due to the given criteria. "For this reason we dealt about possibilities of a further cooperation with some of the other tender participants who were short listed. The Appian Group was one of these partners and a possible joint progress in this case was one of the discussed suggestions.", said Petr VoboĹ™il, member of the CEZ Board of Directors.

Petr Voboril continues: "The first considerations on this subject were brought up in August last year already, but we entered the tender separately. We continued the discussions after the idea of cancelling the tender had appeared".

Ladislav Kriz, Press Officer, CEZ, a. s.