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(AFX UK Focus) 2009-11-06 14:42
Czech watchdog clears IPR power plant sale
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PRAGUE, Nov 6 (Reuters) - The Czech anti-monopoly office ruled on Friday that International Power can sell its Czech power plant Opatovice to Czech-Slovak investment group J&T.
IPR said in July it was selling its Czech assets including Opatovice and a Prague heating company in a deal worth 581 million pounds in cash, and worth total of 738 million including debt.
Czech mining firm Czech Coal had challenged the deal on competition grounds.
As part of the deal, J&T agreed to sell a 49 percent stake in the heating company, Prazska Teplarenska, to Czech power firm CEZ.
(Reporting by Jan Lopatka) For main central European company news, double click on E.Europe hot stocks Main E.Europe news Related stories on For real-time index quotes, double click in brackets: Warsaw WIG20 Budapest BUX Prague PX Keywords: IPR OPATOVICE/

(prague.newsroom@thomsonreuters.com; Reuters Messaging: jan.lopatka.reuters.com@reuters.net; +420-224 190 474)

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