Loading ...“The price will be established by negotiations and it starts somewhere from 200 million euros, which means a lot for the Proprietatea Fund, at the moment,’ said Ursache.
By August 15, PF has to get the Public Finance Ministry’s mandate to start negotiations for selling the stock it holds at three Romanian-based CEZ subsidizes, the PF official stressed.
‘CEZ bid expires on August 15 and we are to get the main shareholder’s mandate to give CEZ an answer and we think we do right selling all the share packages we own at CEZ Distribution, Sales and Services, so that we can substantially grow our accounts.
All the shareholders agreed on the bid. Everybody endorsed the sale of the CEZ share packages, and if no complaint is made, the Shareholders’ General Assembly (AGA) may be convened within less than 30 days,’ Ursache explained.
Proprietatea Fund owns 30 percent of the share capital of the companies CEZ Distribution and CEZ Sales and 12 percent of the CEZ Services.
The Fund was set up to pay damages to the people whose property was abusively seized during the communist rule (1945-1989) and that cannot be returned in kind any longer.
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