CEZ Gains Second Day as Germany Signals Faster Nuclear Exit

CEZ AS (CEZ), the biggest power producer in the Czech Republic, rose for a second day after neighboring Germany signaled it will accelerate its exit from nuclear power.

The stock advanced as much as 1.3 percent and traded up 0.9 percent at 888.5 koruna as of 9:50 a.m. in Prague.

German Chancellor Angela Merkel said at a press conference in Berlin April 15 she wants to accelerate the country’s exit from nuclear power.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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