Government to sell its stake in Severoceska uhelna to CEZ

The government has decided to sell its share in the country's biggest brown-coal mining company, Severoceska uhelna, to the Czech energy giant CEZ for 9 billion crowns (370 million dollars). CEZ which now holds a 37-percent stake in the mining company will have a 93-percent share after the purchase. Severoceska uhelna is the biggest supplier of brown coal for CEZ's power plants. The deal will now be examined by the Czech antitrust office and the European Commission.