Zeman: we have been offered 260 billion CZK for CEZ

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The Czech Prime Minister Milos Zeman has said the Czech government has been unofficially offered 260 billion CZK, which is around 9 billion USD, for its majority stake in the power utility CEZ.

The Czech Prime Minister Milos Zeman has said the Czech government has been unofficially offered 260 billion CZK, which is around 9 billion USD, for its majority stake in the power utility CEZ. The government has unsuccessfully tried to privatise the country's dominant power producer in a public tender but none of the bidders was willing to pay the asking price of 200 billion crowns, or 6 billion dollars.