CEZ Plans to Sell Assets in Romania, Bulgaria, Poland, Turkey

CEZ Plans to Sell Assets in Romania, Bulgaria, Poland, Turkey

The CEO of Czech energy group CEZ said on Monday that it is planning to sell its assets in Romania, Bulgaria, Poland and Turkey, Czech media reported."Within the new strategy, we have the ambition to leave Bulgaria in the coming years," business daily newspaper Hospodarske Noviny quoted Daniel Benes as saying in an interview.The group will direct its strategy more towards the Czech Republic which will be an absolute priority market for us now, Benes said."We also consider exiting Romania, Turkey and we are considering leaving Poland, where we have two coal-fired power plants, as part of the group’s intention to cut down the carbon dioxide emissions. CEZ Group has been present in Romania since 2005, when it took over national distribution company Electrica Oltenia. It currently serves over 3.5 million customers locally through nine companies: Distributie Oltenia, CEZ Romania, CEZ Vanzare, CEZ Trade, CEZ ESCO Romania, Tomis Team, MW Invest, Ovidiu Development, and TMK Hydroenergy Power.In April, financial and insurance group Eurohold Bulgaria launched exclusive talks for the acquisition of CEZ' assets in Bulgaria.(1 CZK=$0.04/0.04 euro)
 

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