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CEZ Group exploring sale of business in Bulgaria

CEZ Distribution and CEZ Electro, the CEZ Group distribution and electricity trader in Bulgaria, respectively, may be put on sale. According to a statement published on Friday, based on interested from several investors CEZ Group has decided to examine the market related to its equity investments in Bulgaria. No other details on the potential candidates… Read more


CEZ reported considerable improvement in 9M profits

CEZ Distribution posts 2.8x y/y surge in 9M16 consolidated net income to BGN 17.6m, according to the Company’s consolidated 9M16 financial statements. The Company which operates the electric distribution network in Southwestern Bulgaria, reports considerable profitability improvement in 2016 with net income improving ever since the start of the year. In 3Q16 alone the Company… Read more