CEZ is selling its 49% stake in the Slovak company JESS (Jadrová energetická spoločnosť Slovenska). The buyer is a Slovak state-owned company which currently holds the remaining 51% stake.

The purchase price has been set at EUR189m. This equates to around CZK4.6bn, or CZK8.6 per CEZ share. Settlement will take place in the coming days.

In its financial statements, CEZ has an asset held for sale amounting to CZK2,291m. We anticipate that the difference between these two figures will constitute an accounting profit. Upon publication of the quarterly results for 3Q26 / 9M26 on 12 November 2026, we also expect the FY projection to be revised to take into account all factors affecting the company’s financial performance.

This is positive news, as CEZ typically distributes the proceeds from asset divestments to its shareholders (see the sales in Romania and Bulgaria, for example).