A PYMNTS Company

Czech Republic: Largest electricity co plans divestment, ups profit expectations

By  |  May 6, 2013

The Czech Republic’s largest electricity conglomerate has reportedly upped its full-year profit targets following the news it has reached a deal to sell one of its power plants. CEZ AS plans to divest its power plant in Chvaletice and, as a result, may increase its net income forecast by up to 10 percent; the optimism is helped by the company’s finalization of a 50-year brown coal supplies contract. The divestment was announced last March to end an investigation initiated by the European Commission.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Bloomberg

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.