“On June 25, 2020, CEZ Group received binding offers for assets in Romania. Mainly the distribution and sales companies and the Fantanele and Cogealac wind power plants are subjects of the sale. The bids have been evaluated and negotiations are currently underway with the submitter of the most advantageous bid,” CEZ said in a presentation of its first-half financial results.
Sources close to the matter told Ziarul Financiar last week CEZ had entered exclusive talks with Macquarie Infrastructure and Real Assets (MIRA), the world’s largest infrastructure asset manager, to sell its Romanian operations. MIRA manages assets worth $129 billion, of which the bulk is invested in infrastructure projects, according to a presentation available on its website.
CEZ is seeking to sell its operations in Romania, Turkey, and Poland to focus on nuclear capabilities in the Czech Republic.
Romanian state-owned energy utility group Electrica (EL.RO) said early June it was exploring the possibility of bidding for the Romanian assets of CEZ in consortium with Hidroelectrica and the state administration of energy sector participation (SAPE). Later that month Hidroelectrica received the go-ahead to submit a binding bid for the acquisition either on its own or in consortium.