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CEZP.PR on Prague Stock Exchange

18 Aug 2017
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1.10Kč (+0.26%)
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Latest Key Developments (Source: Significant Developments)

CEZ utility CEO: 2017, 2018 will be worst due to low electricity prices -Hospodarske Noviny
Wednesday, 9 Aug 2017 02:00am EDT 

Aug 9 (Reuters) - CEZ As :CEO Daniel Benes sees 2017, 2018 as worst for the electricity producer due to low prices, he says in an interview published by daily newspaper Hospodarske Noviny."We expect the (electricity) price around 30 euros (per megawatt hour) in the coming years. The worst period for CEZ will be 2017 and 2018 in my view. The dismal situation in European energy sector lingers," Benes told the paper..On Tuesday, CEZ raised its 2017 profit guidance as it reported market-beating growth of adjusted net profit in the second quarter mainly due to a sale of shares in Hungary's MOL MOLB.HU..  Full Article

Czech CEZ says adjusted Q2 profit grows 70 pct, raises 2017 outlook
Tuesday, 8 Aug 2017 02:16am EDT 

Aug 8 (Reuters) - CEZ As :raises full-year EBITDA guidance to 53 billion crowns ($2.40 billion) from 52 billion.raises 2017 adjusted net profit guidance to 19 billion crowns from 17 billion.says second-quarter adjusted net profit rises 70 pct to 8.2 billion crowns .says second-quarter EBITDA drops 6 pct to 12.3 billion crowns.  Full Article

CEZ buys German energy services provider Elevion
Friday, 7 Jul 2017 02:48am EDT 

July 7 (Reuters) - Cez As :says acquired energy services provider Elevion in Germany from DPE Deutsche Private Equity.first entry in this segment in the German market.says Elevion's revenue in last five years rose on average 30 percent a year; exceed over 300 million euros.says Elevion's clients from airline, car, food, health and technology sectors; employs 1,800.says transaction expected to be completed in summer .financial details not disclosed.  Full Article

CEZ supervisory board re-elects Vaclav Paces as chairman
Friday, 30 Jun 2017 02:00am EDT 

June 30 (Reuters) - Cez As :Supervisory board elected Vaclav Paces as chairman.Paces has been chairman since June 2014, on board since March 2013.CEZ is 70 percent owned by state.  Full Article

Energo-Pro bids for CEZ's Bulgarian assets -CTK
Tuesday, 27 Jun 2017 10:00am EDT 

June 27 (Reuters) - Cez As :Czech energy group Energo-Pro says it has submitted offer for CEZ's <<>> Bulgarian assets, CTK news agency reported.Energo's spokeswoman said the company would not disclose any details on the transaction at the moment.The deal had been estimated at up to 400 million euros ($450.96 million) for the assets, including an electricity distributor that provides power to more than 2 million clients in western Bulgaria. nL8N1HY5VS.  Full Article

CEZ shares hit 1-year low in ex-dividend trade
Monday, 26 Jun 2017 03:09am EDT 

June 26 (Reuters) - Cez As :Cez shares drop more than 6 percent after going ex-dividend.fall to as 403.80 crowns.AGM approved 33 crown/share dividend last Wednesday.  Full Article

CEZ buys German wind farm with capacity of 35.4 MW
Thursday, 22 Jun 2017 02:58am EDT 

June 22 (Reuters) - Cez As :says has taken over the operational onshore wind farm Lettweiler Höhe in Germany, with a total installed capacity of 35.4 MW.says acquisition includes 14 wind turbines in operation.says contract with seller, KGAL Asset and Investment Manager, foresees support in the form of a guaranteed feed-in tariff over 20 years.says total installed capacity in Germany has now reached nearly 135 MW.“With another major acquisition in the German renewable energy market, we continue to fulfil our strategy of increasing our EBITDA (operating profit before taxes and.depreciation) from renewable energy by additional 3 billion Czech crowns (114 million Euro). Our wind farms in Germany generate over 280 GWh of electricity per year, covering the consumption of 120,000 households. We remain interested in additional, completed onshore projects, as well as in offshore projects and projects under development,” board member Tomas Pleskac says..  Full Article

CEZ shareholders meeting approves dividend CZK 33/share
Wednesday, 21 Jun 2017 12:06pm EDT 

June 21 (Reuters) - Cez As :shareholders meeting approves dividend 33 crowns per share.  Full Article

CEZ completes sale of Prague-Pisnice apartments for CZK 1.3 bln
Thursday, 8 Jun 2017 10:20am EDT 

June 8 (Reuters) - Cez As :says completed sale of Prague-Pisnice apartments for CZK 1.3 billion ($55.49 million).says completed sale to CIB Group.  Full Article

Czech government instructs finance ministry to support CEZ dividend proposal at AGM -CTK
Monday, 5 Jun 2017 10:45am EDT 

June 5 (Reuters) - CEZ As :Czech government instructs finance ministry to support CEZ management dividend proposal at AGM, PM Bohuslav Sobotka quoted by CTK news agency.Company proposed CZK 33 per share dividend vs CZK 40 last year as profits drop.  Full Article

Czech Republic - Factors To Watch on June 22

PRAGUE, June 22 Here are news stories, press reports and events to watch which may affect Czech financial markets on Thursday. ALL TIMES GMT (Czech Republic: GMT + 2 hours) =========================ECONOMIC DATA========================== Real-time economic data releases.................... Summary of economic data and forecasts........... Recently released economic data.................. Previous stories on Cz