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ČEZ, a.s.: Raises Its Claim with International Court of Arbitration in Paris (2013-09-23)

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RB 44:Electrica S.A. Raises Its Claim with International Court of Arbitration in Paris

Firma: CEZ, a.s.
Spis treści:
1. RAPORT BIEŻĄCY
2. MESSAGE (ENGLISH VERSION)
3. INFORMACJE O PODMIOCIE
4. PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

KOMISJA NADZORU FINANSOWEGO









Raport bieżący nr 44 / 2013





Data sporządzenia: 2013-09-23
Skrócona nazwa emitenta
CEZ, a.s.
Temat
Electrica S.A. Raises Its Claim with International Court of Arbitration in Paris
Podstawa prawna
Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieżące i okresowe
Treść raportu:
The International Court of Arbitration of the International Chamber of Commerce in Paris has admitted an extension of the claim lodged in the relevant arbitration by Electrica S.A. of Romania against ČEZ, a.s. The claim has thus increased to EUR 82 mil from the original damages EUR 18.8 mil sought at the start of the proceeding in October 2012.

The petition is based on an alleged, non-specified failure of ČEZ to honor certain obligations arising from the Privatization Agreement. ČEZ continues to insist that it has not breached the Privatization Agreement of 2005, which the parties confirmed as ČEZ subsequently purchased the remaining minority stakes from Electrica in 2009. For this reason, ČEZ considers Electrica's claim as absolutely ungrounded and has moved that the petition be rejected.

MESSAGE (ENGLISH VERSION)






Electrica S.A. Raises Its Claim with International Court of Arbitration
in Paris


The International Court of Arbitration of the International Chamber of
Commerce in Paris has admitted an extension of the claim lodged in the
relevant arbitration by Electrica S.A. of Romania against ČEZ, a.s. The
claim has thus increased to EUR 82 mil from the original damages EUR
18.8 mil sought at the start of the proceeding in October 2012.


The petition is based on an alleged, non-specified failure of ČEZ to
honor certain obligations arising from the Privatization Agreement. ČEZ
continues to insist that it has not breached the Privatization Agreement
of 2005, which the parties confirmed as ČEZ subsequently purchased the
remaining minority stakes from Electrica in 2009. For this reason, ČEZ
considers Electrica's claim as absolutely ungrounded and has moved that
the petition be rejected.


PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
Data Imię i Nazwisko Stanowisko/Funkcja Podpis

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