12/09/2011: CEZ selling 50% stake in Mibrag to EPH for EUR 130m but could have gained up to EUR 163m more

CEZ, the Czech listed energy group, is selling its 50% stake in Mibrag, the German coal mine, to EPH, the private Czech energy holding, for EUR 130m, reported Tyden citing unnamed sources. The report added that CEZ could however have gained up to EUR 163m more since it said Mibrag’s market value is between EUR 600m and EUR 700m. It added that none of the parties involved wanted to comment on the price.

Source Tyden

Value GBP 112m (reported selling price of Mibrag)

Stake Value 50%