CEZ owns 81 percent of Electrica Oltenia

Energy group CEZ has finalized negotiations with Proprietatea Fund for the acquisition of the 30-percent stake in Romanian companies CEZ Distribution and CEZ Sales in exchange for 229.6 million euros, according to a release of the company. Negotiations have started late in June 2009, when CEZ group made use of its right and bought the remainder of shares in Proprietatea Fund and in Electrica, based on the provisions of the privatization contract of 2005, when CEZ purchased a ...

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