25. 3. 2024

ČEZ, a.s. successfully signed a loan agreement for 840 mil. EUR to finance the acquisition of a 55.21% stake in GasNet

Prague, March 25, 2024 - ČEZ, a. s. (Baa1/A-) signed a loan agreement in the amount of 840 mil. EUR for the purpose of financing the acquisition of a 55.21% stake in the company GasNet, the leading operator of gas distribution infrastructure in the Czech Republic. The agreement, which provides the drawing of credit for up to two years, was signed with a group of seven banks, including Barclays Bank PLC, CaixaBank, S.A. (Spółka Akcyjna) Oddział w Polsce, Citibank, N.A., London Branch, Commerzbank Aktiengesellschaft, Intesa Sanpaolo IMI-CIB, Komerční banka, a.s. and SMBC Bank EU AG.