Europe

PM: A state considering splitting the energy giant ČEZ

The government is considering dismantling the Czech state’s majority shareholder energy company ČEZ, Prime Minister Petr Fiara told Hospodářskénoviny in an interview posted on the daily newspaper’s website Thursday. Fiara said one of his options was to split the company. But he said a thorough analysis is needed before making a decision.

ČEZ shares rose 8% on the Prague Stock Exchange after news site Seznam Zprávy reported Wednesday that the government was considering putting the company’s power plant under state control to gain control over energy prices. Did.

However, analysts questioned by the Czech news agency said such a move would take years to implement and could not help mitigate the current energy crisis. However, there was consensus that it would allow the state to control energy prices.

https://english.radio.cz/pm-state-considering-dividing-energy-giant-cez-8750986 PM: A state considering splitting the energy giant ČEZ

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