CEZ shares plunge after Czech cabinet lowers voting threshold

摘要

Shares of the majority-state-owned Czech energy utility CEZ dropped by 8% on May 18 after the cabinet approved a legislative change that will make it easier for the state to split the company up. CEZ is such a dominant stock on the Prague Stock Exchange that the PX index also fell sharply, by 1.78%, to 1,316.21. CEZ shares worth CZK1.1bn were traded on May 18 and the shares closed at CZK1,041.