CEZ, the largest Central European power, is looking at potential acquisitions in the Greek electricity generation and distribution market and has ruled out looking into any fire-sale opportunities in Portugal, the company΄s head of sales said Tuesday, according to Dow Jones Newswires.
Analysts have said that CEZ could use revenues from selling all or part of its stake in Turkey΄s Akenerji Elektrik Uretim to finance new acquisitions.
The timing of an EU-led breakup of the Greek monopoly may coincide with the indebted country seeking to generate revenues through privatizations.
"We are in principle interested in [the Greek market]," Alan Svoboda said, adding: "We have to see how the market is reorganized" and liberalized to allow for competition.
European Union is pressuring Greece to open electricity market in the country, as it is currently dominated by the state-controlled Public Power Corporation.
Svoboda said Greece would fall into CEZ΄s geographic range, though potential power-sector fire sales in Portugal aren΄t of interest to the Czech company, mainly due to geographic distance, according to Dow Jones Newswires.
source: CAPITAL
