{"id":105060,"date":"2026-06-02T14:06:30","date_gmt":"2026-06-02T14:06:30","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/105060\/"},"modified":"2026-06-02T14:06:30","modified_gmt":"2026-06-02T14:06:30","slug":"jen-tricet-vyvolenych-rozhodne-o-osudu-cez","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/105060\/","title":{"rendered":"Jen t\u0159icet vyvolen\u00fdch rozhodne o osudu \u010cEZ"},"content":{"rendered":"<p data-darkreader-inline-color=\"\">Valn\u00e1 hromada dosud je\u0161t\u011b polost\u00e1tn\u00ed elektr\u00e1rensk\u00e9 spole\u010dnosti <a href=\"https:\/\/www.e15.cz\/byznys\/benes-dostal-svoleni-k-rozdeleni-cez-akcionari-schvalili-i-dividendu-1433224\" rel=\"nofollow noopener\" target=\"_blank\">\u010cEZ<\/a> se letos odehr\u00e1la d\u0159\u00edv, ne\u017e b\u00fdv\u00e1 zvykem. Sp\u011bch\u00e1 se a nen\u00ed \u010das ztr\u00e1cet \u010das. Veden\u00ed firmy v\u00a0\u010dele s\u00a0<a href=\"https:\/\/www.e15.cz\/byznys\/benes-dostal-svoleni-k-rozdeleni-cez-akcionari-schvalili-i-dividendu-1433224\" rel=\"nofollow noopener\" target=\"_blank\">Danielem Bene\u0161em<\/a> p\u0159ipravilo velk\u00fd pl\u00e1n transformace, kter\u00fd pln\u00ed zad\u00e1n\u00ed vl\u00e1dy Andreje Babi\u0161e. Zest\u00e1tnit v\u00fdrobn\u00ed \u010d\u00e1st firmy za jej\u00ed vlastn\u00ed pen\u00edze. To znamen\u00e1 vyplatit t\u0159icet procent men\u0161inov\u00fdch akcion\u00e1\u0159\u016f. P\u0159inejmen\u0161\u00edm 20 procent z\u00a0nich p\u0159esv\u011bd\u010dit tak, aby prodali dobrovoln\u011b, tedy aby byli spokojeni s\u00a0cenou.<\/p>\n<p data-darkreader-inline-color=\"\">Ti, kdo ve shod\u011b kontroluj\u00ed v\u00edce ne\u017e 10 procent akci\u00ed, p\u0159itom jako ke vzoru vzhl\u00ed\u017e\u00ed ke zest\u00e1tn\u011bn\u00ed francouzsk\u00e9 elektr\u00e1rensk\u00e9 spole\u010dnosti Electricit\u00e9 de France (EDF) v\u00a0roce 2023. K\u00a0tr\u017en\u00ed cen\u011b akci\u00ed tehdy EDF p\u0159ipl\u00e1cela tamn\u00ed vl\u00e1da 52 procent. P\u0159i dne\u0161n\u00ed cen\u011b na burze 1263 korun by to znamenalo 1\u00a0920 korun za akcii. \u010cEZ by to p\u0159i\u0161lo na v\u00edce ne\u017e 300 miliard korun.\u00a0<\/p>\n<p>Nejd\u0159\u00edv z\u00edskat miliardy z\u00a0obchodu a distribuce<\/p>\n<p data-darkreader-inline-color=\"\">Bene\u0161ovo veden\u00ed na valn\u00e9 hromad\u011b hladce prosadilo sv\u016fj pl\u00e1n. Podle n\u011bj se nejd\u0159\u00edv do speci\u00e1ln\u00ed dce\u0159in\u00e9 firmy s\u00a0jm\u00e9nem DSZS p\u0159evedou t\u00e9m\u011b\u0159 v\u0161echna aktiva, kter\u00e1 p\u0159\u00edmo nesouvis\u00ed s\u00a0v\u00fdrobou. P\u0159edev\u0161\u00edm prodej, distribuce a obchodov\u00e1n\u00ed s\u00a0elekt\u0159inou. Pat\u0159\u00ed sem \u010cEZ Prodej, \u010cEZ Distribuce, GasNet \u010cEZ ESCO, Telco Pro Servis nebo trading.<\/p>\n<p data-darkreader-inline-color=\"\">Tato \u010d\u00e1st \u010cEZ se na celkov\u00e9m ukazateli EBIDTA (provozn\u00ed zisk p\u0159ed odpisy, dan\u011bmi a \u00faroky) pod\u00edlela t\u00e9m\u011b\u0159 dv\u011bma t\u0159etinami. Provozn\u00ed zisk loni dos\u00e1hl 137 miliard korun. Tak\u017ee u \u010d\u00e1sti, kter\u00e1 se m\u00e1 odd\u011blovat do dce\u0159in\u00e9 firmy, to p\u0159edstavuje kolem 100 miliard korun.\u00a0<\/p>\n<p>O zest\u00e1tn\u011bn\u00ed rozhodne jen 30 velk\u00fdch akcion\u00e1\u0159\u016f<\/p>\n<p data-darkreader-inline-color=\"\">Soukrom\u00fdm investor\u016fm se ale bude nab\u00edzet jen 49 procent dce\u0159in\u00e9 firmy. Kontrolu prost\u0159ednictv\u00edm zb\u00fdvaj\u00edc\u00edch 51 procent si ponech\u00e1 st\u00e1t. Nov\u00e1 firma m\u00e1 vzniknout u\u017e letos. Pod\u00edly se do n\u00ed p\u0159esunou v\u00a0prvn\u00ed \u010d\u00e1sti p\u0159\u00ed\u0161t\u00edho roku. \u010cEZ si zat\u00edm nech\u00e1v\u00e1 otev\u0159en\u00e9 v\u0161echny mo\u017enosti prodeje pod\u00edlu. Od vstupu na burzu prim\u00e1rn\u00ed emis\u00ed akci\u00ed IPO p\u0159es prodej zahrani\u010dn\u00edm investor\u016fm typu velk\u00fdch penzijn\u00edch fond\u016f po v\u00fdm\u011bnu akci\u00ed se sou\u010dasn\u00fdmi men\u0161inov\u00fdmi akcion\u00e1\u0159i \u010cEZ.<\/p>\n<p data-darkreader-inline-color=\"\">Mezi t\u011bmi hraje kl\u00ed\u010dovou roli finan\u010dn\u00edk Pavel Tyka\u010d a skupina kolem investora Michala \u0160nobra. Ten opakovan\u011b \u0159ekl, \u017ee existuje skupina, kter\u00e1 dohromady ovl\u00e1d\u00e1 v\u00edce ne\u017e 10 procent akci\u00ed. Bez jej\u00edho souhlasu se tedy nic nepohne, st\u00e1tu toti\u017e mus\u00ed dobrovoln\u011b prodat sv\u00e9 pod\u00edly dr\u017eitel\u00e9 20 procent akci\u00ed, aby mohl zb\u00fdvaj\u00edc\u00edch 10 procent akcion\u00e1\u0159\u016f podle z\u00e1kona o obchodn\u00edch korporac\u00edch vyt\u011bsnit.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">V\u010dera se na valn\u00e9 hromad\u011b poprv\u00e9 ve\u0159ejn\u011b objevila zpr\u00e1va, na n\u00ed\u017e upozornil \u0160nobr, kter\u00fd d\u011bn\u00ed v\u00a0\u010cEZ detailn\u011b sleduje. Fyzick\u00e9 a pr\u00e1vnick\u00e9 osoby, kter\u00e9 dr\u017e\u00ed v\u00a0\u010cEZ alespo\u0148 0,1 procenta akci\u00ed, dohromady v\u010detn\u011b st\u00e1tu vlastn\u00ed kolem 85 procent akci\u00ed spole\u010dnosti. Jsou to z\u0159ejm\u011b dv\u011b fyzick\u00e9 osoby a 25 firem. \u0160nobr upozor\u0148uje, \u017ee tedy jen zhruba 30 z celkov\u00fdch 164 tis\u00edc akcion\u00e1\u0159\u016f \u010cEZ rozhodne o v\u00fdkupu akci\u00ed tak, aby se st\u00e1t dostal nad 90 procent pod\u00edlu ve firm\u011b, kde u\u017e m\u016f\u017ee vyt\u011bs\u0148ovat.\u00a0<\/p>\n<p>Kl\u00ed\u010dov\u00fd mu\u017e SPD do \u010dela dozor\u010d\u00ed rady<\/p>\n<p data-darkreader-inline-color=\"\">Je to tedy relativn\u011b mocensky p\u0159ehledn\u00fd ter\u00e9n, kde se bude d\u00e1t dohodnout. Krom\u011b skupiny kolem Pavla Tyka\u010de a Michala \u0160nobra mezi t\u011bmito akcion\u00e1\u0159i budou velk\u00e9 zahrani\u010dn\u00ed a investi\u010dn\u00ed fondy. Zna\u010dn\u00e1 \u010d\u00e1st z\u00a0nich bude m\u00edt nejsp\u00ed\u0161 z\u00e1jem o z\u00edsk\u00e1n\u00ed pod\u00edlu v\u00a0nov\u00e9, zna\u010dnou \u010d\u00e1st zisku tvo\u0159\u00edc\u00ed dce\u0159in\u00e9 firm\u011b. Jej\u00edm \u0161\u00e9fem by se m\u011bl st\u00e1t dosavadn\u00ed \u010dlen p\u0159edstavenstva \u010cEZ a prav\u00e1 ruka Daniela Bene\u0161e Pavel Cyrani. S\u00e1m Bene\u0161 bude st\u00e1t v\u00a0\u010dele pln\u011b st\u00e1tn\u00edho v\u00fdrobn\u00edho \u010cEZ.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Nov\u00e1 vl\u00e1dn\u00ed garnitura si z\u00e1rove\u0148 prosadila do dozor\u010d\u00ed rady sv\u00e9 lidi. Krom\u011b n\u00e1m\u011bstk\u016f z\u00a0ministerstev financ\u00ed a \u017eivotn\u00edho prost\u0159ed\u00ed tam nastupuje poslanec SPD, prav\u00e1 ruka p\u0159edsedy Tomia Okamury a m\u00edstop\u0159edseda hospod\u00e1\u0159sk\u00e9ho v\u00fdboru sn\u011bmovny Radim Fiala. Ten se stane p\u0159edsedou.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Potvrzuje se tak, \u017ee SPD si p\u0159i vzniku Babi\u0161ovy vl\u00e1dy vyjednala, \u017ee nebude m\u00edt sv\u00e9 lidi p\u0159\u00edmo ve vl\u00e1d\u011b, ale v\u00a0kl\u00ed\u010dov\u00fdch st\u00e1tn\u00edch firm\u00e1ch. To se te\u010f n\u00e1stupem Radima Fialy naplnilo.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Cesta k\u00a0rychl\u00e9mu zest\u00e1tn\u011bn\u00ed \u010cEZ se po v\u010derej\u0161\u00ed valn\u00e9 hromad\u011b v\u00fdrazn\u011b zjednodu\u0161ila a vyjasnila. Babi\u0161 chce m\u00edt v\u00fdrobn\u00ed \u010d\u00e1st firmy pln\u011b pod st\u00e1tn\u00ed kontrolou do voleb v\u00a0roce 2029.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Valn\u00e1 hromada dosud je\u0161t\u011b polost\u00e1tn\u00ed elektr\u00e1rensk\u00e9 spole\u010dnosti \u010cEZ se letos odehr\u00e1la d\u0159\u00edv, ne\u017e b\u00fdv\u00e1 zvykem. Sp\u011bch\u00e1 se a&hellip;\n","protected":false},"author":2,"featured_media":105061,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[30],"tags":[412,266,702,10204,30802,27503,98,99,9803,3839,21880,964],"class_list":["post-105060","post","type-post","status-publish","format-standard","has-post-thumbnail","category-praha","tag-akcie","tag-andrej-babis","tag-cez","tag-daniel-benes","tag-electricite-de-france","tag-michal-snobr","tag-prague","tag-praha","tag-privatizace","tag-svoboda-a-prima-demokracie","tag-valna-hromada","tag-vlada"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116680903408952652","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/105060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=105060"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/105060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/105061"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=105060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=105060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=105060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}