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MarketScreener Homepage  >  Equities  >  Prague Stock Exchange  >  CEZ, a. s.    CEZ   CZ0005112300

CEZ, A. S.

(CEZ)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 02/24 10:10:00 am
520 CZK   +0.58%
02/23CEZ A S : Information on NPP Dukovany 23/2/2021
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02/23CEZ A S : Information on npp temelín 37 / 2021
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02/22Vodafone's Czech business in talks on cooperation with CEZ
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Vodafone's Czech business in talks on cooperation with CEZ

02/22/2021 | 08:03am EST
FILE PHOTO: Different types of 4G, 5G and data radio relay antennas for mobile phone networks are pictured on a relay mast operated by Vodafone in Berlin

PRAGUE (Reuters) - Vodafone's Czech subsidiary said on Monday it has been in talks with state-controlled utility CEZ regarding strategic cooperation, but did not confirm the discussions were about a possible sale of the business as reported by a Czech newspaper.

Financial daily Hospodarske Noviny reported on Monday that CEZ, central Europe's largest listed energy group, was interested in buying Vodafone's Czech business.

Talks over a price for the market's number three operator have been ongoing, the paper said, and a decision should come by the summer.

"We confirmed to Hospodarske Noviny that there have been talks with CEZ on different options of strategic cooperation. We did not confirm, however, that it is about selling the whole Vodafone (in the country)," Vodafone's local spokesman Ondrej Lustinec said.

Vodafone did not give further details on talks. CEZ declined to comment.

Shares in CEZ, 70% owned by the state, were down 0.4% to 518 crowns by midday on Monday, outperforming the market.

The shares, which hit a 22-month high of 552 crowns in January, have been supported by expectations of a higher-than-expected dividend due to proceeds from the sale of Romanian and Bulgarian assets as CEZ exits foreign markets.

Some analysts said proceeds from the disposals could be directed toward an acquisition of Vodafone.

But they also said buying the Vodafone business would take CEZ into a new area even though the company already has a smaller mobile operator with 130,000 clients, leasing network capacity from O2 Czech Republic.

"In general, we do not see much sense in the acquisition of such a big asset outside the main sphere of CEZ's business," J&T Banka said.

Hospodarske Noviny said Vodafone's local operations could be valued in the low tens of billions of crowns in the event of a sale.

Vodafone Czech Republic has around 4 million customers in the country of 10.7 million. It reported a net profit of 1.46 billion crowns ($68.08 million) in its fiscal year to March 2020.

T-Mobile is currently the biggest operator in the Czech Republic with around 6.2 million customers, followed by O2 Czech Republic with 5.97 million, based on the companies' data.

($1 = 21.4460 Czech crowns)

(Reporting by Robert Muller and Jason Hovet, editing by Louise Heavens, Kirsten Donovan and Jane Merriman)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CEZ, A. S. 0.39% 519 End-of-day quote.0.78%
O2 CZECH REPUBLIC A.S. -0.77% 258 End-of-day quote.2.79%
VODAFONE GROUP PLC -3.13% 125.54 Delayed Quote.3.77%
All news about CEZ, A. S.
02/23CEZ A S : Information on NPP Dukovany 23/2/2021
PU
02/23CEZ A S : Information on npp temelín 37 / 2021
PU
02/22Vodafone's Czech business in talks on cooperation with CEZ
RE
02/22CEZ A S : Information on npp temelín 36 / 2021
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02/22CEZ A S : Information on NPP Dukovany 22/2/2021
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02/19CEZ A S : Information on npp temelín 35 / 2021
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02/19CEZ A S : Information on NPP Dukovany 19/2/2021
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02/18CEZ A S : Information on npp temelín 34 / 2021
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02/18CEZ A S : Information on NPP Dukovany 18/2/2021
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02/17CEZ A S : Information on npp temelín 33 / 2021
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More news
Financials
Sales 2020 216 B 10 089 M 10 089 M
Net income 2020 16 787 M 785 M 785 M
Net Debt 2020 167 B 7 820 M 7 820 M
P/E ratio 2020 16,7x
Yield 2020 8,00%
Capitalization 278 B 12 967 M 12 990 M
EV / Sales 2020 2,06x
EV / Sales 2021 2,03x
Nbr of Employees 31 900
Free-Float 28,6%
Chart CEZ, A. S.
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CEZ, a. s. Technical Analysis Chart | MarketScreener
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Technical analysis trends CEZ, A. S.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 565,46 CZK
Last Close Price 519,00 CZK
Spread / Highest target 36,4%
Spread / Average Target 8,95%
Spread / Lowest Target -15,6%
EPS Revisions
Managers and Directors
NameTitle
Daniel Beneš Chief Executive Officer
Martin Novák Chief Financial & Operating Officer
Otakar Hora Chairman-Supervisory Board
Michaela Chaloupková Chief Administrative Officer
Vladimír Hronek Member-Supervisory Board
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