Warsaw (Puls Biznesu) – The first listing of the Czech energy giant in Poland will be conducted on October 25th.
CEZ, the biggest energy company in Central and Eastern Europe, controlled by the Czech government, which is already listed in Prague, will sell its shares in Warsaw since October 25th. Yesterday, the stock traded at CZK 796, or PLN 111 (EUR 28.1). CEZ hopes to attract pension funds which have limited possibilities of investing abroad. The decision to enter the Polish stock market may be connected with CEZ’s plans concerning the energy sector in Poland. The company would like to take part in the privatization of the Polish firms. For the time being, however, the Czech giant has no chances as the Polish government does not want to sell the energy firms to foreign peers. The Czech would be welcome as the shareholder in PAK power plant, however.
(PLN 1 = EUR 0.253)