The National Property Fund said yesterday shortly before the end of trading that it canceled the tender for advisory in power sector privatization. The ministries of industry and finance then said that they would propose hand-picking a privatization advisor in order to speed up the privatization (just as they did in case of Unipetrol privatization). The proposal will be discussed at one of the next Cabinet sessions. Although the prospect of CEZ privatization being revived is positive, we do not expect much effect on the stock; it failed to react to the news yesterday.
(Ondřej Daťka)