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CEZ group to sell assets in Romania, Bulgaria, Poland, Turkey

Christian Fernsby ▼ | May 28, 2019
The CEO of Czech energy group CEZ said that it is planning to sell its assets in Romania, Bulgaria, Poland and Turkey, Czech media reported.
Daniel Benes
European business   Daniel Benes
"Within the new strategy, we have the ambition to leave Bulgaria in the coming years," business daily newspaper Hospodarske Noviny quoted Daniel Benes as saying in an interview.

The group will direct its strategy more towards the Czech Republic which will be an absolute priority market for us now, Benes said.

"We also consider exiting Romania, Turkey and we are considering leaving Poland, where we have two coal-fired power plants, as part of the group’s intention to cut down the carbon dioxide emissions."

Benes added that the group is expecting to receive several billion Czech crowns from the sale of its assets in Romania.

On May 22, CEZ declined to comment on Romanian media reports that it plans to sell its business in the country.

"We are aware of these statements circulating in Romania. The mother company in the Czech Republic currently prepares the regular update of its strategy. The strategy will be discussed at the general assembly with the shareholders next month. At this moment, we do not comment on it," a CEZ press officer told SeeNews in an e-mailed statement.

Regulatory authorities in Romania have already been informed about the intentions of CEZ to sell its operations in the country, local media reported last week, quoting unnamed market sources.