Shareholders said, within a general meeting, that CEZ management cannot ensure profitability on a long term in countries like Romania, Albania, Bulgaria and Turkey. In 2017, CEZ set off the procedures to sell its assets in Bulgaria.
CEZ officials would not comment on the issue when contacted on the phone.
Romanian authorities have already been informed of the Czech company’s intention considering that a company official is expected this week in Bucharest for talks on the issue, Ziarul Financiar informs, quoting people close to the matter. The information could not be confirmed officially.
CEZ Group has a market capitalization of EUR11 billion and is owned by the Czech state.