CEZ holds an AGM today (2 p.m. CET). Among others, the AGM should approve a 2002 gross dividend of CZK 4.5 per share (the 2002 EPS stood at CZK 14.2), and it should raise board of directors' competence. The stock currently trades ex-dividend; the record date was June 11.
Separately, CEZ will increase its stake in Skoda Praha, an engineering company and a major supplier to the Temelin nuclear power plant, to 69% in a debt-for-equity swap. Neutral.
Jiří Soustružník