✕
Markets

Albania regulator revokes Czech CEZ's distribution license

Published Updated

 

The regulatory board's 5-0 vote to revoke the license is the latest twist in a long-running battle between central Europe's biggest utility and Albania over power imports and prices.

 

In November, CEZ trimmed its 2012 profit outlook because of the losses at the Albanian unit and said an exit from the Balkan state was the most likely solution to its problems.

 

Copyright Reuters, 2013