ČEZ submitted a non-binding offer for Vattenfall’s German assets

ČEZ today submitted a non-binding offer to acquire Vattenfall’s German lignite and hydro activities. These assets represent an interesting opportunity to expand business of CEZ in a neighboring region. In Europe where coal is still crucial for the overall energy supply, CEZ has extensive know-how in operation of conventional power plants and of lignite mining, as a bridge technology to more renewable energy sources.Therefore, ČEZ submitted a non-binding offer for all the assets on sale, including hydropower plants. More information is part of the confidentiality agreement.  The sale