The group collected the money in March, using about CZK14 billion to repay euro and dollar bond issues, while some of the money will be used for the dividends.
“The income from the sale of assets amounting of CZK24.6 billion will help decrease the financial debt, be used for development investments in the Czech Republic and stable countries and allow for a higher dividend for shareholders,” CEZ’s first quarter 2021 report reads.
(English version by Loredana Fratila-Cristescu)