CEZ considers placing shares on other bourses, Poland in play

Czech state-run power producer CEZ is considering placing its shares on some foreign stock exchanges, and Poland could be one of the options, CEZ spokesman Ladislav Kriz told CTK.

The company is considering the so-called dual listing, not an initial public offering.

"Poland is one of the options because it is a market of our interest where we want to develop business activities. We have opened an office there and are active in tenders for local power stations," Kriz said.

But more options are in play, he added. The final decision could be taken in the nearest weeks or months. CEO Martin Roman told the BBC Czech Service on Monday that the firm could decide by the end of the year.

Kriz also said that the company was unlikely to place its shares on markets in Romania or Bulgaria where it has bought distribution companies. CEZ is also analysing the possibility of entering western European bourses.

CEZ shares are among the most traded stocks on the Prague bourse. The market value of the company was CZK 384.5 billion on Tuesday.

(Source: CTK)

Marketing Research in Poland