The issue set a benchmark for Central and Eastern European issuers as CEZ
is the first corporate issuer from Central or Eastern Europe to enter the US capital markets with a fully registered transaction.
Distribution Bulgaria, majority owned by the Czech Republicas CEZ
, said it would appeal the decision of theA Commission for Protection of Competition (CRC).
The project will be implemented through CEZ
's joint venture with Turkish Akkoek Group, Akenerji (IST:AKENR), according to CEZ
spokeswoman Eva Novakova.
The revised outlook reflects the increased challenges facing CEZ
as a result of a change of government this year, to one that may be less willing than its predecessor to approve substantial electricity tariff increases.
With annual sales of around 47,000 Gwh, CEZ
accounts for about 75% of the Czech Republic's electricity generation.
The cause for the protests was the increased number of service interruptions by CEZ
In 2005 CEZ
acquired 51% of Romanian power distributor Electrica Oltenia through a privatisation deal with a call option to boost its holding.
The financial loss of CEZ
Razpredelenie Bulgaria AD amounts to BGN 3.
This contract from CEZ
represents the 15th WDPF system that Westinghouse has sold in Central and Eastern Europe in the last three years.
About 300 employees of power distributor CEZ
and the Varna Thermal Power Station (TPS) are to march in Bulgaria's capital Sofia on Thursday.
While Akkok is in talks to potentially sell its 50% stake in SEDAS, CEZ
looks rather opportunistic in this case and all depends on the offered price.
and Energo-PRO, the three electricity distribution companies, believe the <a href="http://www.