ČEZ finally takes over ŠKODA JS, a major Czech company, primarily operating in nuclear servicing and engineering
Yesterday, the ČEZ Energy Group became the 100% owner of ŠKODA JS, a traditional Czech company operating in the field of nuclear energy. With the purchase, ČEZ solved the problem of its major supplier, which several years ago became part of the Russian engineering group OMZ, controlled by Gazprombank. This put the company at risk of sanctions, which had a potential impact on securing key supplies for the ČEZ Group's nuclear power plants. The agreement was concluded in June this year with the shares temporarily held by WOOD & Company pending the antitrust authorities' transaction approval.