Wednesday, July 8, 2009

CEZ eyes minority stakes in Romanian unit

PRAGUE, July 8 (Reuters) - Czech power group CEZ (CEZPsp.PR) launched talks to buy the
minority stakes held in its Romanian distribution unit, the power group said on Wednesday.

CEZ acquired a majority stake in Romania's distribution company Electrica Oltenia in 2005 and, as part of the privatisation deal, it got an option to buy minority stakes, CEZ spokeswoman Eva Novakova said in an email."We have now launched talks with owners of the share holdings, but since they are under way we will not comment on them or provide details," Novakova said. (Reporting by Jana Mlcochova; Editing by Michael Winfrey)

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