CEZ says to seek approval for 10 pct buy-back

...Executive Martin Roman said on Tuesday.

"We will ask our shareholders to allow us to gradually buy shares from the market," Roman said in a live interview on Radio Impuls, adding the company would ask shareholders to allow the maximum 10 percent limit.

"We will decide according to the situation on the market," he said when asked if the full 10 percent limit would be used.

CEZ shareholders meet on April 23 on the plan, which is due to be conducted simultaneously with a sale of a seven percent state stake in CEZ approved by the government on Monday.