Scrapped Utility IPO Dents Hopes for Prague Exchange Revival

Czech energy group Energeticky a Prumyslovy Holding AS scrapped plans to sell shares in its unit on the Prague Stock Exchange, weakening the chances of a revival in equity offerings and trading on the bourse.

EPH, which two weeks ago announced an intention to float a minority stake in EP Infrastructure AS in Prague and London, said on Wednesday it “would consider a bilateral transaction with global infrastructure investors” instead. Joe Cook, a spokesman for the company, declined to comment on potential buyers when contacted by phone.