Press releases pg. 174
A change in the organisational structure of the Czech power industry, modelled according to western utilities, has brought forth better rating from Standard and Poor´s agency for CEZ
On April 2, 2003, the international rating agency Standard and Poor´s changed its long-term rating outlook of CEZ company, promoting it from stable to positive, as a result of the completed transaction process of integrating the (state owned) equities in regional distribution companies into the CEZ Group. The rating agency thus confirmed the suitability of this transaction. Standard and Poor´s agency also confirmed the BBB+ rating of CEZ company.
3. 4. 2003
Today, CEZ took over the equity in distribution companies formerly owned by the state
As of today, the shares of regional power utilities are integrated into the CEZ Group. According to the most recent information, all the shares in question were transferred this morning, i.e. within the agreed deadline, and were subsequently properly registered in the accounting systems of the Czech Securities Commission. This means that the project of incorporating distribution companies into the CEZ Group has been concluded approximately one year after the governmental proposal of this merger.
1. 4. 2003
Main points of a CEZ presentation at a press conference held on March 27, 2003 at 11.00 Concerning the integration of distribution companies into the CEZ group
27. 3. 2003
CEZ does not plan to sell Hodonin power plant
CEZ Power Company would hereby like to refute information about the alleged sale of Hodonin power plant, which has recently appeared in the press. CEZ is thus reconfirming the fact that it has no intention to sell the Hodonin plant and no such transaction is being prepared.