CEZ to acquire government stakes in Romanian Electrica Moldova

The Czech power giant CEZ has won a public tender for the privatisation of one of Romania's two main distribution companies, Electrica Oltenia. Germany's E.ON has won the acquisition of Electrica Moldova, the Romanian Ministry of Economy and Commerce has announced. The Romanian government is selling its 24.6% stake in each distributor, but the new owners are required to raise their stake to 51% through a share capital increase. CEZ is 67.6% owned by the Czech state and is also focused on privatization deals in Slovakia and Bulgaria.