Best CEE companies 2008 - Czech energy group CEZ stays on top
Turkish companies are the rising stars of corporate governance in emerging Europe. But CEZ remains the one to beat.
"I would say MOL is a one-off deal where we have to look at the entire transaction, not just the acquisition of shares"
Czech energy group CEZ claims the top position in the Euromoney CEE companies poll. This is its third year on top and not likely to be its last. "CEZ is very open to investors," says Peter Caputa, research analyst at BH Securities. "They are willing to do meetings whenever – they are easily the best in terms of [making] contact and communication in the Czech Republic and across the region." Perhaps more impressive is CEZ’s rate of growth. In the past 12 months the Czech company, in which the government has a 67% stake, continued to grow its market share across the region, reaching, for example, 54% of the Turkish market by the end of 2007.