CEZ Shareholders Approve Asset Split

Key facts

• CEZ shareholders approved a proposal to split the company's assets.
• The split is part of a government plan to buy out minority investors.
• The government aims to gain full control over CEZ's power production.

The Czech government's plan to gain full control of its dominant power utility, CEZ, involves a complex restructuring. The approval of an asset split by shareholders is a crucial step, paving the way for the government to acquire the remaining shares held by minority investors.