Czech govt gives no timeframe for CEZ sale

19.03.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, March 19 (Reuters) - The Czech government has set no timeframe nor prior conditions for the planned sale of a seven percent stake in...

...power firm CEZ, government officials said on Monday.

"I will not give any exact date," Finance Minister Miroslav Kalousek told a news confernece.

The government decided earlier on Monday to sell the stake on the capital market. The state holds 67.6 percent in CEZ, the largest Czech company with a market capitalisation of $24.9 billion.

Kalousek did not say what the government's position would be on a possible plan by CEZ to conduct a share buyback alongside the sale of the state stake.

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