Deals
East Europe's Power Champion Offers Spinoff to Fund Reactors
- CEZ prefers split among options to finance new nuclear units
- Lawmakers are set to make their recommendation at end-March
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CEZ AS, the largest power utility in the European Union’s ex-communist East, favors spinning off its clean-energy assets to finance the construction of new nuclear reactors.
Splitting the company was the option preferred by Prague-based CEZ as its executives outlined three scenarios to Czech lawmakers on Wednesday, according to a document seen by Bloomberg. The plan would create a fully state-owned company with nuclear and coal generation, mining and trading assets. A separate entity would have clean-energy and distribution.