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CEZ Chief Eyes Vattenfall to Enel Assets After Nuclear Flop

CEZ AS’s decision to drop a $15 billion nuclear project in the Czech Republic opens up the possibility of acquisitions in neighboring Germany, Poland and Slovakia, the power producer’s chief executive officer said.

The largest utility in the European Union’s ex-communist east may be interested in buying some assets from Vattenfall AB in Germany, CEZ chief Daniel Benes said yesterday in an interview in Prague. There are also attractive opportunities in Poland and especially in Slovakia, where the national utility Slovenske Elektrarne AS is owned by Enel SpA, he said.