Deals
Czech Coal Offers $831 Million for CEZ’s Pocerady Plant
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Czech Coal AS offered 16.5 billion koruna ($831 million) for CEZ AS’s 1,000-megawatt Pocerady coal-fired power plant as it seeks to expand into electricity production.
The actual amount paid will depend on whether carbon credits are included in the sale, Czech Coal spokeswoman Gabriela Benesova said in a telephone interview today from Prague. The deadline for CEZ’s decision is the end of the year.