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ČEZ acquires Škoda JS from Russian owner · Endata

◂ Announcements

Sep 14, 2022ACQUISITIONCzechia

ČEZ acquires Škoda JS from Russian owner

Czech utility ČEZ has received antitrust approval to acquire Škoda JS, a nuclear equipment manufacturer, and its real estate firm Middle Estates from Russian-owned OMZ (controlled by Gazprombank), protecting the company from EU sanctions.

Status

Announced

Productsnuclear power plant equipment

CompaniesČEZ acquirer Gazprombank investor OMZ Group partner Škoda JS target Middle Estates target

Sectors#Power Generation Equipment

“Úřad posuzoval dopady uvedeného spojení na úroveň hospodářské soutěže na trzích výroby a velkoobchodního prodeje elektrické energie, návrhů a konstrukce jaderných ostrovů pro nové jaderné elektrárny a údržby a servisu primárního okruhu jaderných elektráren.”newstream.cz

2 sources
newstream.czČEZ smí převzít od Rusů Škodu JS | NewstreamČTKSep 14, 2022
ct24.ceskatelevize.czČEZ smí převzít Škodu JS, kývl antimonopolní úřad. Uchrání ji to před sankcemi — ČT24 — Česká televizeSep 14, 2022

Summarized from public sources; check the original articles before acting on it.

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