Finance
Czech Government to Take First Steps Toward Cez Takeover at June Agm, Ctk Reports
Published by Global Banking & Finance Review®
Posted on April 14, 2026
2 min readLast updated: April 14, 2026
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The Czech government, holding a 70% stake in CEZ, plans to initiate steps toward full takeover at the company’s June annual general meeting, exploring both a complete acquisition and possible subsequent re‑listing of distribution or trading assets.
Czech government to take first steps toward CEZ takeover at June AGM, CTK reports
Government Plans and Implications for CEZ Takeover
Initial Steps Announced by Prime Minister
PRAGUE, April 14 (Reuters) - The Czech government will take the first steps toward a full takeover of the country's main electricity producer CEZ at the company's annual meeting in June, news agency CTK quoted Prime Minister Andrej Babis as saying on Tuesday.
Current Government Stake and Takeover Considerations
The government owns 70% of CEZ, a Prague-listed company with market capitalisation of $30.6 billion, and is considering ways for a full takeover or a takeover followed by potential re-listing of assets such as power distribution and trading.
Lack of Specific Details
Babis did not give details on steps, CTK said.
Strategic Goals and Timeline
Energy Security and Economic Support
The government is aiming for a takeover during its term ending 2029 as it has sought CEZ control to boost energy security.
"It is important that we can help citizens and the entire economy. Energy is key to that," Babis was quoted by CTK as saying.
Expected Duration of the Takeover Process
The process, one of the country's biggest energy shake-ups, could take up to two years once approved, Industry Minister Karel Havlicek told Reuters in December.
Reporting Credits
(Reporting by Jan Lopatka and Jason Hovet; Edting by Kirsten Donovan)
Key Takeaways
- •The state already owns approximately 70% of CEZ and aims to purchase minority shares to gain full control, with the process expected to begin in 2026 and span up to two and a half years (pse.cz).
- •The government has been acquiring nuclear infrastructure stakes, including around 80% of the Dukovany II project, indicating alignment with its broader energy strategy (financialreports.eu).
- •CEZ recently posted solid financial results—for example, a 2024 net profit of CZK 30.5 billion—underscoring the company's value and the significance of state intervention (apnews.com)
References
Frequently Asked Questions about Czech government to take first steps toward CEZ takeover at June AGM, CTK reports
1What steps is the Czech government taking regarding CEZ?
The Czech government will begin the process toward a full takeover of CEZ at the company's annual general meeting in June.
2How much of CEZ does the Czech government currently own?
The government currently owns 70% of CEZ shares.
3What is the market capitalization of CEZ?
CEZ has a market capitalization of $30.6 billion.
4What might happen after a full CEZ takeover?
After a full takeover, the government is considering a possible re-listing of assets like power distribution and trading.
