CEZ AS, the Czech Republic’s largest power producer, said it expects to maintain its dividend policy of paying out between 50 percent and 60 percent of net income while it builds new reactors at the Temelin nuclear power station, denying earlier media reports.
Eight banks failed the European Union stress tests after regulators said July 15 they had a combined capital shortfall of 2.5 billion euros ($3.5 billion), less than predicted by analysts and investors.
CEZ AS ’s plan to build a nuclear unit in Slovakia in a joint venture with the state will probably be delayed by at least five years as more time is needed to complete studies for the project, the regulator said.
CEZ AS , the Czech Republic’s largest power producer, postponed signing a contract with insurance broker Willis Group Holdings Plc for the construction of two new reactors at the Temelin nuclear power plant, E15 reported, citing CEZ spokeswoman Eva Novakova .
CEZ AS , the Czech Republic’s largest power producer, may refrain from pursuing a bid for part of Polish power group Tauron Polska Energia SA because it would not be able to buy a majority, analysts from Wood & Co. and Cyrrus said.
Mol Nyrt., Hungary’s biggest oil company, has proposed that Martin Roman, Chief Executive Officer of the Czech power company CEZ AS, become a non-executive member of its board of directors, Tyden reported.
Poland got two bids for its stake in electricity generator ZE PAK SA after CEZ AS , the Czech Republic’s largest utility, and Polish power group Enea SA dropped out, leaving engineering company Rafako SA and RPG Partners Ltd. of Cyprus in the race.
CEZ AS, the Czech Republic’s largest power producer, is doing due diligence for Polish power group ZE PAK and plans to submit a bid by June 30, Hospodarske Noviny reported, citing spokeswoman Eva Novakova .