Three power distribution companies operating in Bulgaria are expected to go into IPO mode within the next three months. The local units of EVN (Austria), E.ON (Germany) and CEZ (Czech Republic), in which the Bulgarian government has 33 percent minority stakes after the remaining share was sold in 2004, will be listed on the country’s [...]
Tag Archives: CEZ
Penta Among a Group of Eight Bidding For Poland’s Energa
The recent announcement by the Polish government of its intention to sell a majority stake of state-owned power company Energa SA has brought out some of the industry’s heavy hitters in what could shape up to be a very interesting bidding war. The Treasury Ministry has received initial bids for 83% of the utility from [...]
ČEZ Completes 100% Acquisition of Two Romanian Companies
Czech power giant CEZ has completed months of negotiations with Romania’s Electrica SA by reaching an agreement to acquire full ownership of CEZ Distributie and CEZ Vanzare. The two Romanian energy providers have been part of CEZ group since a 2005 privatization deal in which the group acquired 51% of each company. CEZ paid more than [...]
MIBRAG Sold to Joint Venture of J&T and CEZ
URS Corporation and NRG Energy, Inc., joint owners of MIBRAG, have completed the sale of the German mining and power company to another joint venture in the Czech Republic. Private Equity firm J&T Finance Group has teamed up with the largest Czech power company CEZ to acquire MIBRAG at a cost of $520 million. Both [...]
CEZ Purchases F&C Wind Farms from Continental
American based power developer Continental Wind Partners LLC, a renewable energy partnership backed by private equity fund Good Energies Investments, has reached a deal to sell the Fantanele and Cogealac wind farms in Romania to CEZ Group. With construction of the turbines set to begin, the total investment from CEZ group in what should be [...]
