...buyback of up to 10 percent of its shares, CEZ said in a statement.
CEZ shareholders approved the buyback at a general meeting last week as a way to improve capital structure.
CEZ can buy the shares in a wide range of 300-2,000 crowns for the next 18 months. The stock closed at 997.1 crowns on Friday.
The buyback will be simultaneous with a planned government plan to sell a 7 percent stake in the firm on the capital market.