Government to begin preparations to nationalise energy conglomerate ČEZ

The government will begin preparatory steps to buy out minority shareholders and fully nationalise the energy company ČEZ, Minister of Industry and Trade Karel Havlíček (ANO) said on Czech Television. He said the process would take up to two years but declined to give details, citing the potential impact on the company’s share price.

The state, through the Ministry of Finance, currently owns around 70% of ČEZ, with the remainder held by minority investors. The governing coalition has pledged to secure full state control of the company. Havlíček also said the government plans to replace members of ČEZ’s supervisory board.