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ČEZ reshuffles supervisory board in political power play, pays out ‘disappointing’ dividend

The annual general meeting of state-controlled power producer ČEZ proved to be a contentious one, lasting a record 14 hours and into the wee hours of Saturday. In the end, it saw the ouster of three ČEZ supervisory board members, including its chairman, in a political power play. The AGM also agreed on a dividend pay-out which fell short of demands by some influential minority shareholders.
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