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28 March 2003 - The merger between Czech Republic utility CEZ AS and four regional electricity distributors looks set to go forward after the government decided not to discuss the issue at cabinet level or propose cancelling the merger, according to news reports.

Opposition politicians have criticized the government for not standing up to CEZ management over the merger.

However, the countries anti-monopoly regulator have insisted that CEZ sell its shareholdings in four distribution companies once it takes them over in a long running swap of state assets. The company was to swap the distribution companies for a 66 per cent stake in its transmission network. CEZ is expected to dispose of JCE, JME and PRE, along with one other distribution company as part of the forced deal.

CEZ officials are considering whether to challenge the terms in court.

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