RPT-Czech CEZ confirms share buy-back plan

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PRAGUE, March 19 (Reuters) - Czech power firm CEZ said on Monday it planned to buy back its shares, confirming a plan to counter the sale of a 7 percent state stake in CEZ approved by the government.

"We will certainly be interested in that," spokesman Ladislav Kriz said. "We will propose it to shareholders at a general meeting (planned for April 23)."

Asked how many shares CEZ intended to buy, he said: "It will depend on the technique and conditions, but certainly we would like to have those 7 percent."

He said the working assumption was that the shares would be pulled off the market for good but added that such a decision would only come later.