CEZ Is Said to Near Sale of Nuclear Power Project to Czech State

CEZ AS, the biggest traded electricity producer in eastern Europe, is close to selling a nuclear project to the Czech government, people with knowledge of the matter said.

The utility is preparing to divest a majority stake in EDU II, a special-purpose unit set up to commission two Korean reactors at its aging Dukovany complex, the people said. The deal may be announced in the coming weeks, they said, asking not to be identified discussing private talks. Terms weren’t disclosed.

The government and state-controlled CEZ have made nuclear energy a key part of plans to curb fossil fuels, and ...