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February 13, 2016 4:42 AM ET

Water Utilities

Company Overview of Prazska teplarenska a.s.

Company Overview

Pražská teplárenská a.s. operates as a district heating company in the Czech Republic. It supplies heat and thermal energy for 270,000 households; and various office buildings, industrial plants, schools and healthcare facilities, and other entities. The company was founded in 1992 and is based in Prague, the Czech Republic.

Partyzanska 1/7

Praha 7

Prague,  170 00

Czech Republic

Founded in 1992

Phone:

420 2 6675 1111

Fax:

420 2 6675 2199

Key Executives for Prazska teplarenska a.s.

Chief Executive Officer
Chief Financial Officer
Administrative Director
Production Director
Compensation as of Fiscal Year 2015.

Prazska teplarenska a.s. Key Developments

Prague Refuses To Vote For PT's Divestment

The Prague City Council decided that it will not vote in favour of the divestment of Prazska teplarenska a.s.. The council holds a minority share in PT, with its majority owned by Energeticky a Prumyslovy Holding, a.s. which is the initiator of the divestment. Prague has once before refused to vote in favour of the divestment in September 2015 despite in essence agreeing with it but only if the shareholders contract is change to give the Prague council bigger rights.

Prazska teplarenska to Pay Dividend; Announces Board Changes

Prazska teplarenska will pay CZK 185 per share dividend. The company announced that at the general meeting decided on changes on the five-strong board of directors. Radmila Kleslova was appointed to the board to replace Petr Valert. The six-member supervisory board was reshuffled as well, with Petr Martan and Vera Sturmova replaced by Petr Lachnit and Daniel Kajpr.

Veolia May Acquire Prazska teplarenska From EPH

Veolia Environnement S.A. (ENXTPA:VIE) may acquire Prazska teplarenska a.s. from Energeticky a Prumyslovy Holding, a.s. for CZK 1 billion.

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