ČEZ’s Path to Nationalization: New Subsidiary, Asset Sales, and Shareholder Moves Signal Imminent State Takeover of Electricity Production
ČEZ Proposes New Subsidiary as First Step Toward Potential State Takeover The board of Czech energy giant ČEZ has proposed creating a new subsidiary to house its distribution, sales, trading, and energy services divisions, marking the first formal step in a plan that could lead to increased state control of the company. The move, announced … Read more