Czech Election Frontrunners Prepare State Buyout of CEZ Utility

The Czech Republic’s most popular political party pledged to seek full state ownership in power producer CEZ AS to boost energy security if it returns to government after elections due in October.

The ANO group, headed by billionaire former Prime Minister Andrej Babis, is weighing three different paths to raise the government’s ownership to 100% from 70%, the party’s deputy leader Karel Havlicek said in an interview.