CEZ A.S. — M&A Activity 2020

Jan 2, 2020

According to the 2013 agreement that put an end to the many years of disputes concerning coal deliveries from Vršanská uhelná, the Počerady 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), ČEZ will get the fixed amount of CZK 2 billion. ČEZ 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, ČEZ chose not to exercise the option