Shares in Czech CEZ fall on flotation news

14.03.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, March 14 (Reuters) - Shares in Czech power group CEZ fell at the market's opening on Wednesday after news of a planned flotation of...

...a 7 percent stake held by the state on the bourse.

CEZ traded at 4.1 percent lower at 831 crowns by 0834 GMT, having earlier slid as low as 823.20 crowns. The blue-chip Prague bourse index PX fell 2.9 percent as stock markets sold off globally.

The Finance Ministry said earlier economic ministers in the Czech government agreed to propose a floating the 7 percent CEZ stake, worth around $1.7 billion at current market prices, to the cabinet in the coming weeks.

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Články ze sekce: Zpravodajství ČTK