CEZ Romania operates working capital adjustment before planned divestment

The Romanian subsidiaries of Czech utility group CEZ transferred at the end of last year CZK 2.5 billion (EUR 92 million) to the parent company in a [working] capital adjustment before the planned divestment of the subsidiaries. The move aims to smooth the sale of the assets, the Czech company explained. "It is a capital adjustment in four of the CEZ companies [in Romania]. This is standard procedure in the case of a divestment ...

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