April 27, 2017 / 6:38 AM / 5 months ago

UPDATE 1-Czech Republic - Factors To Watch on April 27

 (Adds CEZ supervisory board meeting)
    PRAGUE, April 27 (Reuters) - Here are news stories, press
reports and events to watch which may affect Czech financial
markets on Wednesday.
           
    ALL TIMES GMT (Czech Republic: GMT + 2 hours)         
=========================ECONOMIC DATA==========================
    Real-time economic data releases....................        
    Summary of economic data and forecasts...........           
    Recently released economic data..................           
    Previous stories on Czech data.............                 
  **For a schedule of corporate and economic events: 
    here#/2E/events-overview
=========================NEWS===================================
        
    PRAGUE - The supervisory board of CEZ           meets on the
utility's proposed sale of its Pocerady plant to rival energy
group Czech Coal. 
    The finance minister, whose ministry controls the state's 70
percent stake in CEZ, has opposed the sale and the head of the
supervisory has said more examination was needed. Czech Coal
sent a letter to CEZ saying it would walk away from its offer if
no decision came this month.
    Related news:                       
=========================NEWS===================================
    
    UNIPETROL: Refining group Unipetrol's           Q1 net
profit rose to CZK 2.83 billion ($114.86 million), versus a loss
of CZK 25 million in Q4/16 and CZK 2.62 billion profit in Q4/16
    Story:              Related stories:                   
    
    CEZ-POCERADY: Czech energy group Czech Coal has told rival
electricity producer CEZ           it will walk away from a deal
to buy the 1,000 megawatt Pocerady power plant unless CEZ
approves the transaction by the end of this month, a Czech Coal
unit said in a letter to CEZ seen by Reuters on Wednesday.
    Story:              Related stories:                  
    
    CEZ-BULGARIA: CEZ           has received several offers for
its Bulgarian assets, a company spokesman said on Wednesday, the
next step in the Czech utility's push to offload its Balkan
assets.
    CEZ declined to provide other details other than describing
several bids as "interesting" but a source familiar with the
process told Reuters central Europe's biggest utility had
received at least six offers.
    Story:              Related stories:                     
    
    CME: Shares in Central European Media Enterprises
(CME)                   soared to a 3-1/2 year high on Wednesday
after the broadcaster reported estimate-beating profit and
forecast double-digit growth for 2017.
    Story:              Related stories:                   
    
    UNIPETROL: Czech downstream oil group Unipetrol's          
board proposed paying a 8.30 crown per share dividend for 2016,
the company said on Wednesday, higher than the previous year as
it looks to introduce a payout policy with systematic increases
in the future.
    Story:              Related stories:                  
    
    FORTUNA: Penta Investments, the biggest shareholder in Czech
betting company Fortuna Entertainment Group          , does not
plan to change the price of 98.69 crowns ($4.00) a share it has
offered minority shareholders in a buyout.
    Story:              Related stories:                   
    
    CEE MARKETS: Polish equities climbed to their highest since
mid-2015 on Wednesday as attention turned to local news in
Central European markets and away from the risks related to
France's elections.
    Story:              Related stories:                    
 ---------------------- MARKET SNAPSHOT ------------------------
 Index/Crown Currency    Latest     Prev   Pct change Pct change
                                    close    on day     in 2017
 vs Euro                  26.883     26.956    0.27       0.46
 vs Dollar                24.644     24.744    0.4        3.91
 Czech Equities          998.74     998.74     0.58       8.37
 U.S. Equities        20,975.09  20,996.12    -0.1        6.14
 Pvs close or current levels vs prior domestic close at 1500 GMT
                 
=======================PRESS DIGEST============================
    URANIUM: Mining of uranium at the Rozna 1 mine, started in
1946, official ends on Thursday.
    Hospodarske Noviny, page 2
    
  (Reuters has not verified the stories, nor does it vouch for
their accuracy.)    
                
    For real-time stock market index quotes click in brackets: 
 Warsaw WIG20           Budapest BUX        Prague PX       
 For updates on CEE currencies                             
 TOP NEWS -- Emerging markets                               
 
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 (Reporting by Prague Newsroom)
  

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