Thu Jul 28, 2011
PRAGUE, July 28 (Reuters) - Czech utility CEZ (CEZPsp.PR: Quote) will sell its 50 percent stake in German coal miner Mibrag to co-owner EPH, a Czech energy holding, in a deal that includes CEZ buying a power plant north of Prague, it said on Thursday.
No financial details of the deal were released. CEZ also said it would not sell its Chvaletice power plant. The utility, central Europe's largest listed company, had announced in December a swap deal under which it would sell the Chvaletice plant in exchange for a heat distribution system from EPH.
(sourced Reuters)
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