Czech CEZ offers to buy E.ON's stake in Prague gas company

PRAGUE Tue Dec 10, 2013 9:30am EST

Czech electricity producer CEZ's logo is seen on the company's headquarters in Prague March 17, 2013. REUTERS/David W Cerny

Czech electricity producer CEZ's logo is seen on the company's headquarters in Prague March 17, 2013.

Credit: Reuters/David W Cerny

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PRAGUE (Reuters) - Czech utility CEZ (CEZP.PR) has offered to buy German group E.ON's (EONGn.DE) stake in a gas company it owns with the City of Prague, it said on Tuesday.

E.ON owns a 49 percent stake in Prazska Plynarenska Holding, which holds a 50.2 percent share in gas company Prazska Plynarenska. E.ON also currently controls a 49.35 percent stake in Prazska Plynarenska.

Prague said last month that it was seeking a utility industry investor to buy E.ON's stake as the German utility looks to divest assets.

(Reporting by Jason Hovet; Editing by Louise Heavens)

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