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CEZ A.S.

M&A Activity Jan 2, 2020

1042_rns_2020-01-02_cad49be8-e6d7-4d78-b0ac-78b4854f3c99.pdf

M&A Activity

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Internal Information

ýEZ didn´t use the option

According to the 2013 agreement that put an end to the many years of disputes concerning coal deliveries from Vršanská uhelná, the Poþerady power plant has been sold, effective 2 January 2024. In exchange for the end-of-life power plant, handed over to SEV.en (formerly Czech Coal), ýEZ will get the fixed amount of CZK 2 billion. ýEZ had until the end of 2019 to exercise its last option to revoke the sale. With a view to further steps of the European Commission, increasingly restricting coal utilisation in relation to a transition to an emission-free economy, ýEZ chose not to exercise the option.

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