...the budget deficits, Prime Minister Mirek Topolanek said.
Finance Minister Miroslav Kalousek added at a news conference following a cabinet meeting that the plan calls for 7 percent of CEZ to be sold on the stock market. At current market prices, the stake is worth 36.5 billion crowns ($1.74 billion).
The government now holds 67.6 percent in CEZ, the largest Czech company with a market capitalisation of $24.9 billion.
The company is planning a simmultanneous share buy-back when the government sells the stake to keep the market from being flooded with shares. CEZ will discuss the plan at a general meeting on April 23.