December 10, 2013 / 2:31 PM / 4 years ago

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

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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