CEZ A.S. — M&A Activity 2020

Jul 1, 2020

I n t e r n a l I n f o r m a t i o n

ČEZ ESCO ACQUIRES REMAINING 49.9% SHARE IN ČEZ ENERGO

ČEZ ESCO, a.s. has acquired the remaining 49.9% share in ČEZ Energo, s.r.o. from TEDOM, a.s. Until now, ČEZ ESCO has had a 50.1% stake in this company. The acquisition, which is still subject to approval by the anti-monopoly office, will transfer 100% ownership of ČEZ Energo to ČEZ ESCO.

ČEZ Energo was created in 2011 and is a joint venture between ČEZ (ČEZ ESCO since 2015) and TEDOM. The company installs and operates cogeneration units for combined electricity and heat production, with installed capacities from hundreds of kW^e to several MWe. The company currently operates 134 cogeneration units with a total installed electrical capacity of 112 MWe.