ČEZ to challenge Luxembourg court ruling in Diag Human case

The Czech state-controlled energy company ČEZ will challenge a Luxembourg court order in the Diag Human case, Prime Minister Andrej Babiš (ANO) told the Czech News Agency. He said ČEZ representatives were confident they would succeed adding that the ruling would not affect the company’s operations or customers in the Czech Republic.

ČEZ announced on Monday that a Luxembourg court had frozen its stakes in local companies through which it owns gas distributor GasNet. In the Diag Human case, Czech-Swiss businessman Josef Šťáva is seeking around CZK 17 billion in compensation from the Czech state for allegedly not having protected his investments.