Government moves toward full state control of power giant ČEZ

The government will take steps to gain full control of energy group ČEZ, Industry and Trade Minister Karel Havlíček (ANO) said during Friday’s presentation of the cabinet’s economic strategy.

The state plans to buy out shares held by minority shareholders, although the minister has not yet specified concrete measures. He has previously indicated that preparatory steps would begin later this year.

The state, through the Finance Ministry, currently holds around 70 percent of shares in ČEZ, with the remaining stake owned by minority shareholders. Acquiring those shares would make the state the sole owner of the company.