Czech power utility CEZ AS has announced plans to split its assets, a move that could pave the way for the government to obtain full ownership of its electricity production in a long-planned buyout. The restructuring represents a significant step in Prague's efforts to bring its energy sector under state control.

The asset split would separate CEZ's generation business from its distribution and sales operations. This division could allow the Czech government to acquire the production assets while potentially leaving other operations under different ownership structures, making a targeted buyout more feasible.

The buyout has been discussed for years as part of broader efforts to ensure energy security. With power generation now separated, the government can pursue targeted acquisition of the assets most critical to the country's power supply. This approach follows a broader pattern across Europe where governments are seeking greater control over essential energy infrastructure.