Elektrobudowa, Telekomunikacja May Move: Central European Equity Preview

The following is a list of companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland’s WIG20 Index fell 0.3 percent, the Czech PX Index dropped 0.7 percent and Hungary’s BUX Index dropped 1.8 percent.

Elektrobudowa SA (ELB PW): The power engineering company said ING Groep NV’s Polish pension fund cut its stake to 12.8 percent from 16.8 percent. Assicurazioni Generali SpA’s Polish fund increased its stake in Elektrobudowa to 5.8 percent from 4.9 percent, the company said in a separate statement. Its shares jumped 3.5 percent to 177 zloty.

Bank Handlowy SA (BHW PW): The Polish unit of Citigroup Inc. is scheduled to release second-quarter earnings. Handlowy shares rose 0.8 percent to 78.7 zloty.

Telekomunikacja Polska SA (TPS PW): Poland sold its entire 4.15-percent stake in the country’s top phone company for 884.9 million zloty ($291.8 million) on the Warsaw Stock Exchange, said Maciej Wewior, a Treasury Ministry spokesman. Telekomunikacja added 2.1 percent to 16.8 zloty.

To contact the reporters on this story: Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net; Monika Rozlal in Warsaw at mrozlal@bloomberg.net

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