CEZ says will place binding bids to buy heat and power plants in Polish cities

January 26, 2010

CEZ announced yesterday it will place binding bids to buy heat and power plants in the Polish cities of Bytom and Zabrze. The company was shortlisted in the government tender in November, and it is now expected to place the bids by 29 January. We see the news as neutral for the company's stock price. A successful outcome of the tender could have a slightly positive impact.